1. What is the present value on January 1, Year 1, of $30,000 due on January 1, Year 5, and discounted at 10% compounded annually?

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2. What is the present value on January 1, Year 1, of $40,000 due on January 1, Year 5, and discounted at 11% compounded semiannually?

$ ???

3. What is the present value on January 1, Year 1, of $50,000 due on January 1, Year 5, and discounted at 16% compounded quarterly?

$ ???