What is the present value of $500 to be received 10.5 years from today when the annual discount rate is 8%?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 7Q
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What is the present value of $500 to be received 10.5 years from today when the annual discount rate is 8%?

What is the present value of $2,000 to be received 2 years from today when the annual discount rate is 10%?

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