(Solution) - What is the present worth of these future payments a 15 500 -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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What is the present worth of these future payments?
(a) $15,500 eight years from now at 14% compounded annually
(b) $18,000 twelve years from now at 4% compounded annually
(c) $20,000 nine years from now at 8% compounded annually
(d) $55,000 four years from now at 11 % compounded annually