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 $28,000 due 9 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 $28,000 to be received at the end of each of 12 periods, discounted at 9% ? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ Finding present value if discounted for two periods The present value of 1 may also be determined through tables that show the present value of 1 for n periods. In Table3,n is the number of discounting periods involved. The percentages are the periodic interest rates or discount rates. and the 5 -digit decimal numbers in the The following two demonstration problems (Illustrations G.12 and G.13) illustrate how to use Table 3