0:00
Hello.
00:01
So here we are asked to find the present worth of the given payment.
00:07
So first, we have the future value of 8 ,000 at 8 % compounding interest after five years.
00:13
So it's going to be 8 ,000 times while one plus 0 .08.
00:17
So 8 ,000 times 1 .08 to the fifth power.
00:21
And that should work out to be about 11 ,754 and about 62 cents.
00:33
Okay.
00:34
Next, we had the future value of 10 ,000 at 10 % compounding interest after six years.
00:40
So here it's going to be 10 ,000 times 1 plus 0 .1 to the 6th.
00:46
And that should work out to be about 17 ,715 and 61 cents.
00:58
Okay, and then next we have 12 ,000 at 8 % after eight years...