Award: $5\mathrm{.}00$ points

Problem $9-2($Algo$)$ Present value $[$LO$9-3]$

What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a$.$ $$7,700$ in $9$ years at $5$ percent?

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Present value

b$.$ $$16,400$ in $7$ years at $6$ percent?

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Present value

c$.$ $$25,600$ in $14$ years at $11$ percent?

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Present value