Question & Answer: Using the appropriate interest table, compute the present values of the periodic amounts, du…..

Using the appropriate interest table, compute the present values of the periodic amounts, due at the end of the designated periods.

(a)

	Your answer is correct.

(Use the table below.)

$51,090 receivable at the end of each period for 7 periods compounded at 12%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value

$

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(b)

(Use the table below.)

$51,090 payments to be made at the end of each period for 16 periods at 10%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value

$

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