Present Value Computations
Assuming that money is worth 10%, compute the present value of
Round answers to the nearest whole number.
1. $11,000 received 15 years from today.
2. The right to inherit $2,000,000 14 years from now.
3. The right to receive $5,000 at the end of each of the next six years.
4. The obligation to pay $7,000 at the end of each of the next 10 years.
5. The right to receive $9,000 at the end of the 7th, 8th, 9th, and 10th years from today.