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(For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $31,500 due 8 periods from now, discounted at 8%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $31,500 to be received at the end of each of 6 periods, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ Jozy Altidore invested $7,200 at 8% annual interest, and left the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Jozy withdrew the accumulated amount of money. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What amount did Jozy withdraw, assuming the investment earns simple interest? Accumulated amount $ (b) What amount did Jozy withdraw, assuming the investment earns interest compounded annually? (Round answer to 2 decimal places, e.g. 25.25.) Accumulated amount Liam Company signed a lease for an office building for a period of 9 years. Under the lease agreement, a security deposit of $7,900 is made. The deposit will be returned at the expiration of the lease with interest compounded at 11% per year. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Liam receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.) Amount at the time the lease expires $ Bates Company issued $1,300,000, 12-year bonds. It agreed to make annual deposits of $74,500 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 12 years. The deposits are made at the end of each year into an account paying 7% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 12 years? (Round answer to 2 decimal places, e.g. 25.25.) Amount in the sinking fund $