Question

# Determine the present value of the following single amounts (FV of \$1, PV of \$1, FVA...

Determine the present value of the following single amounts (FV of \$1, PV of \$1, FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.): Future Amount i = n = Present Value

1. \$20,000 7% 10

2. \$14,000 8% 12

3. \$25,000 12% 20

4. \$40,000 10% 8

Case 1:

Present Value = Future Value * PV of \$1 (i%, n)
Present Value = \$20,000 * PV of \$1 (7%, 10)
Present Value = \$20,000 * 0.5083
Present Value = \$10,166

Case 2:

Present Value = Future Value * PV of \$1 (i%, n)
Present Value = \$14,000 * PV of \$1 (8%, 12)
Present Value = \$14,000 * 0.3971
Present Value = \$5,559

Case 3:

Present Value = Future Value * PV of \$1 (i%, n)
Present Value = \$25,000 * PV of \$1 (12%, 20)
Present Value = \$25,000 * 0.1037
Present Value = \$2,593

Case 4:

Present Value = Future Value * PV of \$1 (i%, n)
Present Value = \$40,000 * PV of \$1 (10%, 8)
Present Value = \$40,000 * 0.4665
Present Value = \$18,660

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