Question: Brief Exercise E-9 Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an

Brief Exercise E-9

Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $25,400 due 11 periods from now, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value $

(b) What is the present value of $25,400 to be received at the end of each of 9 periods, discounted at 7%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value $

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