Question: Problem 9 - 1 0 Present value [ LO 9 - 3 ] How much would you have to invest today to receive the following?

Problem 9-10 Present value [LO9-3]
How much would you have to invest today to receive the following? (Enter all answers as positive numbers.)
a. $12,500 in 7 years at 11 percent. (Round your answer to 2 decimal places.)
b. $16,100 in 15 years at 10 percent. (Round your answer to 2 decimal places.)
c. $6,250 each year for 14 years at 8 percent. (Round your answer to 2 decimal places.)

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