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$($a$)$ What is the present value of $$35,500$ due $9$ periods from now, discounted at $5\%?($For calculation purposes, use $5$ decimal places

as displayed in the factor table provided. Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Present value of an amount

$($b$)$ What is the present value of $$35,500$ to be received at the end of each of $6$ periods, discounted at $9\%?($For calculation purposes,

use $5$ decimal places as displayed in the factor table provided. Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Present value of an annuity

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