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2. For each of the following, compute the Present Value. Show your work. Present Value Years Interest Rate Future Value 13 10% 15,500 4 8%

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2. For each of the following, compute the Present Value. Show your work. Present Value Years Interest Rate Future Value 13 10% 15,500 4 8% 51,555 29 24% 886,072 40 35% 550,165 A & T 3. You have just been notified that you have won the $2 million lottery! The prize will be awarded on your 100h birthday which is 80 years from now. If the current discount rate is 5%, what is the present value of your windfall? Show your work

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