Using the Compound Interest Tables, Answer Each of the Following $\$ 50,000$

question 80

Essay

Using the compound interest tables, answer each of the following questions.
Required: a. What is the present value on January 1,2014, of $\$ 50,000$ due on January 1,2020 , and discounted at $7 \%$ compounded annually?
b. What is the present value on January 1,2014, of $\$ 8,000$ due on January 1,2022, and discounted at $10 \%$ compounded semiannually?

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Definitions:

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