Question: Problem 9-2 (Algo) Present value [LO9-3] What is the present value of the following? Use Appendix B as an approximate answer, but calculate your

Problem 9-2 (Algo) Present value [LO9-3] What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $8,200 in 12 years at 8 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value $ 3,256.79 b. $18,500 in 7 years at 11 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value $ 9,846.62 c. $28,000 in 16 years at 9 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value $ 5,000.07

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