Present and future value tables of $1 at 3% are presented below. 11.03000 0.9708

Question

Present and future value tables of $1 at 3% are presented below. 11.03000 0.970871.0000 0.97087 1.0300 1.00000 2 1.06090 0.94260 2.0300 1.913472.0909 1.97087 3 1.09273 0.91514 3.0909 2.82861 3.18362.91347 4 1 4.1836 3.71710 4.3091 3.82861 5 1 5.30914.57971 5.4684 4.71710 6 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 7 1.22987 0.813097.6625 6.23028 7.8923 6.41719 8 1.26677 0.78941 8.8923 7.01969 9.1591 7.23028 91.30477 0.76642 10.1591 7.78611 10.4639 8.01969 1.12551 0.88849 1.15927 0.86261 1.34392 0.74409 11.4639 8.53020 11.80788.78611 11 1.38423 0.7224212.8078 9.25262 13.1920 9.53020 12-42576 10.70138 | 14.1920 | 9.95400 | 14.6178 110.25262 13 1.46853 0.68095 15.6178 10.63496 16.0863 10.95400 14 1.51259 0.66112 17.0863 11.29607 17.5989 11-63496 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 16 12.60471 (0.62317 20.1569 12.56110 20.7616 12.93794 Prev9 of 15 Next 30 MacBook Air 00 F4 44 FT FS

Explanation / Answer

Maria’s Gift worth = $ 4,35,490

Calculation of Maria’s Gift worth today

Rate ( 6% /2 )                                    = 3%

Future Vale (Given)                          = $ 5,20,000

Period (3 Years x 2 )                         = 6 Years

Maria’s Gift worth        = $ 5,20,000 x (PVF 3%, 6 Years)

= $ 5,20,000 x 0.83748

= $ 4,35,490

ALL THE BEST !!!

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