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(a) What is the present value of $27,500 due 15 periods from now, discounted at 5%? (Round answer to 2 decimal places, e.g. 25.25.) Present

(a) What is the present value of $27,500 due 15 periods from now, discounted at 5%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value $

(b) What is the present value of $27,500 to be received at the end of each of 9 periods, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value $

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