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 = ...