Question

Required: 1. Calculate the present value for the following assuming that the money can be invested...

Required:
1.

Calculate the present value for the following assuming that the money can be invested at 11% percent. (Round final answers to the nearest dollar amount.)
Present Value
a. You may receive $63,000 immediately. $   
b. You may receive $86,000 at the end of five years. $   
c. You may receive $20,000 at the end of each year for five years (a total of $100,000). $   

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables.

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