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Unformatted text preview: 249376.75 $249,376.75 Year 0 P=A*((1/r)((1/(r*((1+r)^n))) P=present value, A= Annuity r= rate of interest n=duration A= $30000, r= .09, n=16 Answer by table: See the Present value factor of Annuity table = Annuity * Present value factor of annuity table (9%,16 periods) 249390 (c) $30,000 payable at the end of the seventh, eighth, ninth, and tenth periods at 12%. Here we will use present value of amount formula PV=FV/(1+r)^n P=present value, A= Annuity r= rate of interest n=duration r= .12 By Formulae Year Amount Present value 7 30000 13570.48 8 30000 12116.50 9 30000 10818.30 10 30000 9659.20 46164.47 Here is my homework problem, I dont understand any of it and dont even know where to begin to tac By table PVF Present value 0.45 13560 0.4 12120 0.36 10830 0.32 9660 46170.00 The difference is due to approximations. es ckle it. Help please!...
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 Spring '08
 Christie
 Accounting

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