Exercise 6-05 (Part Level Submission)

Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods.

(a)

Your answer is correct.

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$52,650receivable at the end of each period for7periods compounded at11%.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value$enter the present value in dollars rounded to 0 decimal places

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(b)

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$52,650payments to be made at the end of each period for17periods at9%.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value$enter the present value in dollars rounded to 0 decimal places