Dunston Company will receive 300000 in a future year If the future receipt is

Dunston company will receive 300000 in a future year

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Dunston Company will receive $300,000 in a future year.If the future receipt is discounted at an interest rate of10%, its present value is $153,948. In how many years is the$300,000 received? a. 5 yearsb. 6 yearsc. 7 yearsd. 8 years_d___ 4. Jane wants to set aside funds to take an around theworld cruise in four years. Jane expects that she will need$12,000 for her dream vacation. If she is able to earn 8%per annum on an investment, how much will she need to setaside at the beginning of each year to accumulate sufficientfunds?
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Pearson Corporation makes an investment today (January1, 2014). They will receive $9,000 every December 31st forthe next six years (2014 – 2019). If Pearson wants to earn12% on the investment, what is the most they should investon January 1, 2014?
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