Compute the present value in each of the following problems. Use Tables 16-1A&B or 16-2A&B or a calculator.

a.Compute the amount that you must lend today at 10% compounded semiannually to be repaid a total (principal and interest) of $10,000 in 13 years.

b.Compute the amount that you must invest today at 12% compounded annually to have $1,500 in 3 years.

Question

Compute the present value in each of the following problems. Use Tables 16-1A&B or 16-2A&B or a calculator.
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a.Compute the amount that you must lend today at 10% compounded semiannually to be repaid a total (principal and interest) of $10,000 in 13 years.​
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b.Compute the amount that you must invest today at 12% compounded annually to have $1,500 in 3 years.

Quizplus · Accepted Answer

The Answer of Compute the present value in each of the following problems. Use Tables 16-1A&B or 16-2A&B or a calculator.
​
a.Compute the amount that you must lend today at 10% compounded semiannually to be repaid a total (principal and interest) of $10,000 in 13 years.​
​
b.Compute the amount that you must invest today at 12% compounded annually to have $1,500 in 3 years.

Compute the Present Value in Each of the Following Problems