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(a) What is the present value of $28,000 due 10 periods from now, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25.)

(a) What is the present value of $28,000 due 10 periods from now, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $28,000 to be received at the end of each of 7 periods, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.)

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