PART I
A 1)
Where;
PV is the present value FV is the Future value which is 15,000 R is the Interest rate which is 7% N is the number of years which is 1 PV = 15,000/(1+0.07)1 = 14,018.69
2) PV = FV/ (1+r)n
Where;
PV is the present value FV is the Future value which is 15,000 R is the Interest rate which is 4% N is the number of years which is 1 PV = 15,000/ (1+0.04)1 = 14,423.08 B.
Account A
PV = FV/ (1+r)n Where; PV is the present value FV ...