Computing Present Values of Single Amounts and Annuities Compute the present value for each of the following amounts. Round answers to the nearest dollar.

a. $120,000 received 10 years hence if the annual interest rate is: Answer 1). 10% compounded annually. Answer 2). 10% compounded semiannually.

b. $2,000 received at the end of each year for the next eight years discounted at 8% compounded annually.

c. $800 received at the end of each six months for the next 15 years if the interest rate is 10% per year compounded semiannually.