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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 $31,000 due 13 periods

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

(a) What is the present value of $31,000 due 13 periods from now, discounted at 5%? (Round answer to 2 decimal places

(b) What is the present value of $31,000 to be received at the end of each of 7 periods, discounted at 9%? (Round answer to

places, e.g. 25.25.)

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