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1. If you receive $138 each month for 12 months and the discount rate is 0.05, what is the present value? 2. If you receive

1. If you receive $138 each month for 12 months and the discount rate is 0.05, what is the present value?

2. If you receive $113 each quarter for 4 quarters and the discount rate is 0.09, what is the present value?

3. If you receive $122 each 6 months for 1 year and the discount rate is 0.02, what is the present value?

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