PRESENT VALUES. Using the appropriate tables in the text, determine:

a) The present value of a single $14,000 cash flow in 7 years if the interest (discount)

rate is 8% per year.

b) The number of periods for which $5,820 must be invested at an annual interest

(discount) rate of 7% to produce an investment balance of $10,000.

c) The size of the annual cash flow for a 25-year annuity with a present value of

$49,113 and an annual interest rate of 9%. One payment is made at the end of each year.

d) The annual interest rate at which an investment of $2,542 will provide a single

$4,000 cash flow in 4 years.

e) The annual interest rate earned by an annuity that costs $17,119 and provides 15 payments of $2,000 each, one at the end of each of the next 15 years.