Calculate the present value of the following future cash flows, rounding all calculations to the nearest dollar: (Click the icon to view Present Value of $1 table.) 11. 12. 13. (Click the icon to view Present Value of Ordinary Annuity of $1 table.) $8,000 received in nine years with interest of 4% $8,000 received in each of the following nine years with interest of 4% Payments of $6,500, $8,000, and $7,000 received in years 3, 4 and 5, respectively, with interest of 8% 11. Calculate the present value of $8,000 received in nine years with interest of 4%. (Enter any factor amounts to three decimal places, X.XXX.) x Present value 12. Calculate the present value of $8,000 received in each of the following nine years with interest of 4%. (Enter any factor amounts to three decimal places, X.XXX.) x x Present value of an annuity 13. Calculate the present value for payments of $6,500, $8,000, and $7,000 received in years 3, 4 and 5, respectively, with interest of 8%. (Enter any factor amounts to three decimal places, X.XXX.) Year 3 Year 4 Year 5 Total x x x = = = Present value