Please help!!! Could you please explain how you can get the present value amount? I would really appreciate!

Mike Derr Company expects to earn 8% per year on an investment that will pay $616,000 eight years from now. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Answer is complete but not entirely correct. Future Value $ 616,000 Table Factor 1.8509 Present Value $ 1,140,154 On January 1, a company agrees to pay $16,000 in six years. If the annual interest rate is 7%, determine how much cash the company can borrow with this agreement. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Answer is not complete. Future Value Table Factor Amount Borrowed 16,000 1.5007 X Tom Thompson expects to invest $17,000 at 9% and, at the end of a certain period, receive $61,923. How many years will it be before Thompson receives the payment? (PV of $1. FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Present Value Table Factor Years $ 17,000 years