What is the present value of $150,000 due 5 years from now, discounted at 12%? E

Question

What is the present value of $150,000 due 5 years from now, discounted at 12%?

Exercise 57 Answer the following questions. Your answer is correct. What is the present value of $90,000 due 7 years from now, discounted at 9%? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g 52.75. Present value 49232.70 LINK TO TEXT [x] Your answer is incorrect. What is the present value of $150,000 due 5 years from now, discounted at 12%? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75) Present value 85114 LINK TO TEXT

Explanation / Answer

Present value Principal *(1+r)^-t R = Dicount rate T = Time a Present value 150000*(1+0.12)^-5 $85,114.03

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