Question: I need help setting up the equations to solve these FV and PV questions. What is the present value of the following? UseAppendix Bas an

I need help setting up the equations to solve these FV and PV questions.

What is the present value of the following? UseAppendix Bas an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Pulled from appendix B = 7% at 12 years is .444

$8,400 in 12 years at 7 percent? I can not round intermediate calculations and need to round my final answer to to 2 decimal places. But I do not understand how to solve it using this formula (or even coming up with the .444)

Appendix B Present value of $1, PVIF PV = FV [ 1 / 1+i)N ]

I know the answer is $3730 but I do not understand how to solve it using this formula (or even coming up with the .444)

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