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2. Calculate the present value of each of the following items. Round all answers to the nearest whole number. a. $90,000 ten years hence if
2. Calculate the present value of each of the following items. Round all answers to the nearest whole number. a. $90,000 ten years hence if the annual interest rate is 1. Eight percent compounded annually. $ 41,687 2. Eight percent compounded semiannually. $ 41,075 3. Eight percent compounded quarterly. $ 40,760 b. $1,000 received at the end of each year for the next eight years if money is worth ten percent per year compounded annually. $ 5,335 C. $600 received at the end of each six months for the next fifteen years if the interest rate eight percent per year compounded semiannually. $ 10,375 d. $500,000 inheritance ten years hence if money is worth ten percent per year compounded annually. e. $2,500 received each half year for the next ten years plus a single sum of $85,000 at the end of ten years if the interest rate is twelve percent per year compounded semiannually. $
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