Present Value. What is the present value of

Present Value. What is the present value of


a. $592 to be received 8 years from now at a 14 percent discount rate?
b. $1167 to be received 7 years from now at a 12 percent discount rate?
c. $1155 to be received 12 years from now at a 14 percent discount rate?
d. $784 to be received 14 years from now at a 5 percent discount rate?
SOLUTION