Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $33,000 due 9 periods from now, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $33,000 to be received at the end of each of 6 periods, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Click here to view the factor table.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
(a) What is the present value of $33,000 due 9 periods from now, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.)
Present value $
(b) What is the present value of $33,000 to be received at the end of each of 6 periods, discounted at 12%? (Round answer to 2 decimal
places, e.g. 25.25.)
Present value $
Transcribed Image Text:Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $33,000 due 9 periods from now, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $33,000 to be received at the end of each of 6 periods, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $
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