Question: Find the present value of the given future payment at the specific interest rate. $7000 due in 7 1/2 years compounded quarterly The present value

Find the present value of the given future payment at the specific interest rate.

$7000 due in 7 1/2 years compounded quarterly

The present value is approximately $____________

Find the present value of the given future payment at the specific interest rate.

$7000 due in two years 5 1/2% compounded daily

The present value is approximately $_____________

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