Question: 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.

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.

$8,700 in 9 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value $

b.

$17,800 in 4 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value $

c.

$27,500 in 12 years at 11 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value $

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