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(a) What is the present value of $29,000 due 15 periods from now, discounted at 7%? (Round answer to 2 decimal places, e.g. 25.25.) Present

(a) What is the present value of $29,000 due 15 periods from now, discounted at 7%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value

$

(b) What is the present value of $29,000 to be received at the end of each of 5 periods, discounted at 8%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value

$

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