Problem $9-10($Algo$)$ Present value $[$LO$9-3]$

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$.$ $$16,500$ in $7$ years at $14$ percent.

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Present value

b$.$ $$20,750$ in $15$ years at $7$ percent.

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Present value

c$.$ $$8,600$ each year for $18$ years at $6$ percent.

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Present value

d$.$ $$59,000$ each year for $40$ years at $8$ percent.

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.