How much would you have to invest today to receive: Use Appendix B or Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a.	$13,600 in 11 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$

b.	$17,500 in 17 years at 13 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$

c.	$7,000 each year for 20 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$

d.	$47,000 each year for 50 years at 17 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$

Hints

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