17)

What is the present value of:

Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a.	$8,000 in 13 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$

b.	$18,000 in 7 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$

c.	$27,800 in 18 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$