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Marshall, McManus, Viele text Ch. 6, problem P6-26 a, b, c, and d only Present value calculations.
Marshall, McManus, & Viele text Ch. 6, problem P6-26 a, b, c, and d onlyPresent value calculations. Using a present value table, your calculator, or a computerprogram present value function, answer the following questions:Required:a. What is the present value of nine annual cash payments of $4,000, to be paidat the end of each year using an interest rate of 6%?b. What is the present value of $15,000 to be paid at the end of 20 years, usingan interest rate of 18%?c. How much cash must be deposited in a savings account as a single amountin order to accumulate $300,000 at the end of 12 years, assuming that theaccount will earn 10% interest?d. How much cash must be deposited in a savings account (as a single amount)in order to accumulate $50,000 at the end of seven years, assuming that theaccount will earn 12% interest?
