Brief Exercise G-9

Click here to view the factor table.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

(a)What is the present value of $32,600 due 11 periods from now, discounted at 8%?(Round answer to 2 decimal places, e.g. 25.25.)

Present value$ .................

(b)What is the present value of $32,600 to be received at the end of each of 7 periods, discounted at 12%?(Round answer to 2 decimal places, e.g. 25.25.)

Present value$ ......................................