Solve the following exercise by using the present value formula. Do not round intermediate calculations. Round your answers to the nearest cent.

Compound Amount	Term of Investment	Nominal Rate (%)	Interest Compounded	Present Value	Compound Interest
$575	36 months	4.7	semiannually	$	$

Solve the following word problem by using Table 11-2.

How much must be invested today at 4% compounded quarterly to have $9,000 in 3 years? Round your answer to the nearest cent.

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$

Use Table 12-1 to calculate the future value of the following ordinary annuity. Round your answer to the nearest cent.

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Annuity Payment	Payment Frequency	Time Period (years)	Nominal Rate (%)	Interest Compounded	Future Value of the Annuity
$400	every month	3	6	monthly	$

Use Table 12-2 to calculate the present value of the following annuity due. Round your answer to the nearest cent.

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Annuity Payment	Payment Frequency	Time Period (years)	Nominal Rate (%)	Interest Compounded	Present Value of the Annuity
$1,100	every year	12	6	annually	$

Using Table 14-1 as needed, calculate the required information for the following mortgage. Round your answers to two decimal places.

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Amount Financed	Interest Rate	Term of Loan (years)	Number of $1,000s Financed	Table Factor	Monthly Payment	Total Interest
$154,300	4.25%	35			$	$