Compute the present value of $950 paid in three years using the following rates : 7 percent in the first year, 8 percent in the second year and 9 percent in the third year

Problem 4-13 Present Value with Different Discount Rotes (LG4-4) Compute the present value of $95 second year, and 9 percent in the third year. (Do not round intermediate calculations. R 0 paid in three years using the following discount rates: 7 percent in the first year, 8 ound your answer to 2 decimal plece t value