(For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $32,000 due 11 periods from now, discounted at 8%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value

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(b) What is the present value of $32,000 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

$enter the present value in dollars