Question: Compute the following present values: a. Present value of $8,000 to be received 15 years from now. The appropriate interest rate is 12%. b. Present

Compute the following present values:
a. Present value of $8,000 to be received 15 years from now. The appropriate interest rate is 12%.
b. Present value of $3,000 to be received at the end of each year for the next seven years.
The appropriate interest rate is 9%.

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