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(a) What is the present value of $28,500 due 9 periods from now, discounted at 9% ? (For calculation purposes, use 5 decimal places as

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(a) What is the present value of $28,500 due 9 periods from now, discounted at 9% ? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Present value of an amount $ (b) What is the present value of $28,500 to be received at the end of each of 6 periods, discounted at 9% ? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.)

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