E 6-3 Determine the present value of the following single amounts:
ANSWER KEY E 6-3 Present value; single amount
Determine the present value of the following single amounts:
Future Amount Interest Rate No. of periods
1. $20,000 7% 10
2. 14,000 8 12
3. 25,000 12 20
4. 40,000 10 8
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