Question

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

$52,480 receivable at the end of each period for 8 periods compounded at 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value

$52,480 payments to be made at the end of each period for 17 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

$52,480 payable at the end of the seventh, eighth, ninth, and tenth periods at 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value

$enter the present value in dollars rounded to 0 decimal places

please show work and explain

Answer 1

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.