(For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $27,500 due 13 periods from now, discounted at 6%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value

$enter the present value of the investment discounted at 6% rounded to 2 decimal places

(b) What is the present value of $27,500 to be received at the end of each of 5 periods, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value

$enter the present value of the investment discounted at 9% rounded to 2 decimal places