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(For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $34,000 due 11 periods

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $34,000 due 11 periods from now, discounted at 4%? (Round answer to 2 decimal places, e.g. 25.25.) (b) What is the present value of $34,000 to be received at the end of each of 11 periods, discounted at 4%? (Round answer to 2 decimal places, e.g. 25.25.)

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