Refer to Tables 1 and 2 in Appendix A near the end of the book to compute the present value for each of the following amounts:

a. \(\$ 90,000\) received 10 years hence if the annual interest rate is:

1. \(8 \%\) compounded annually.

2. \(8 \%\) compounded semiannually.

b. \(\$ 1,000\) received at the end of each year for the next eight years discounted at \(10 \%\) compounded annually.

c. \(\$ 600\) received at the end of each six months for the next 15 years if the interest rate is \(8 \%\) per year compounded semiannually.

d. \(\$ 500,000\) received 10 years hence discounted at \(10 \%\) per year compounded annually.

\end{abstract}