Find the Present Value of $70,000 Due in 4 Year(s)

question 111

Short Answer

Find the present value of $70,000 due in 4 year(s) at the given rate of interest. Round your answers to the nearest dollar.
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4% / year compounded monthly
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$__________
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9% / year compounded daily
​
$__________

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Definitions:

Precautionary Demand

The demand for financial assets or goods that is motivated by the desire to protect against potential future losses.

Future Uncertainty

The inability to predict with complete confidence what is going to happen in the future, often a consideration in economic, financial, and strategic planning.

Keynesian Model

An economic theory proposing that active government intervention is necessary to manage economic cycles and stabilize output by adjusting demand through fiscal and monetary policies.

Money

An officially issued legal tender generally accepted in exchange for goods and services and repayment of debts.