Compute the Present Value in Each of the Following Problems

question 4

Short Answer

Compute the present value in each of the following problems. Use Tables 16-1A&B or 16-2A&B or a calculator.
a.How much must you deposit today into an account that pays 12% compounded quarterly to have $9,000 in 3 years?
​
​
b.How much must you lend today at 8% compounded semiannually to be repaid a total (principal and interest) of $23,400 in 8 years?

---

Definitions:

Homo Sapiens

The scientific name for modern human beings, characterized by upright posture, complex language capabilities, and advanced cognitive skills.

Life Span

The duration of time from the birth to the death of an organism, focusing on the various stages and changes experienced throughout this period.

Cognitive Development

The process involving growth and change in intellectual abilities such as thinking, reasoning, and problem solving.

Piaget

A rephrased definition: Known for his influential theory on the stages of cognitive development in children, emphasizing how they construct and understand the world.