Question: Problem 9-2 Present value [L03] What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the

Problem 9-2 Present value [L03] What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer

Problem 9-2 Present value [L03] What is the present value of: Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods a. $7,900 in 10 years at 11 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $16,600 in 5 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. $26,000 in 14 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Input variables: $7,900 Future value Number of years Interest rate 10 years 0.11 b. Future value Number of years Interest rate $16,600 5 years 0.09 C. Future value Number of years Interest rate $26,000 14 years 0.06 Table value factors: .352 650 .442 b. C

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