7) calculate basic present value

8) calculate total value thanks

What is the present value of $3,000 received every year beginning one year from now forever if the interest rate is 6% ? $5,000 B) $8,000 $20,000 (D) $50,000 (E) $200,000 Question 8 If you deposit $4,000 in a bank account that pays 7% interest each year, how much should be in your account in 8 years? $2,328.04 B) $3,150.00 $4,020.29 $6,872.74 $9,715.16