Question

Future Value		Interest Rate		Number of Periods		Present Value
​$900.00		5​%		5		​?
​$80,000.00		6​%		30		​?
​$350,000.00		10​%		20		​?
​$26,981.75		16​%		15		​?

Present values. Fill in the present values for the following​ table, (popup above), using one of the three methods​ below:

a.  Use the present value​ formula, PV=FV×1(1+r)n.

b.  Use the TVM keys from a calculator.

c.  Use the TVM function in a spreadsheet.

Future Value	Interest Rate	Number of Periods	Present Value
​$      900.00	5​%	5	​$____ ​(Round to the nearest​ cent.)

​$  80,000.00

6​%

30

​$____ (Round to the nearest​ cent.)

​$350,000.00

10​%

20

​$____ (Round to the nearest​ cent.)

​$  26,981.75

16​%

15

​$_____ (Round to the nearest​ cent.)

Answer 1

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