Question: Please answer the part a and b both, and please show the work. How much would you have to invest today to receive the following?

Please answer the part a and b both, and please show the work.

How much would you have to invest today to receive the following? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $12,100 in 5 years at 9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. $15,500 in 16 years at 10 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value

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