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Using a present value table, your calculator, or a computer program. Verify the present value of 100,000 to be received in 5 years at an interest rate of 16%, compounded annually, is $47,610. Calculate the present value of $100,000 for each of the following.

1.) Interest is compounded semiannually.
2.) Interest is compounded annually.
3.) A discount rate of 20% is used.
4.) The cash will be received in 3 years.
5.) The cash will be received in 7 years.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975933

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