I wanted to know if I was doing this followiing three problems correct? Financial and Managerial Accounting 14th Edition Appendix B - Problem b.3 a. $15,000 to be paid annually for 10 years, discounted at an annual rate of 6 percent. Payment are to occur at the end of each year. Amount ot be receive in one year Expected New Cash Flows x Present Value of $1 Dscounted at 6% = Present Value of New Cash Flows 1 $15,000 0.943 $14,145 2 $15,000 0.89 $13,350 3 $15,000 0.84 $12,600 4 $15,000 0.792 $11,880 5 $15,000 0.747 $11,205 6 $15,000 0.705 $10,575 7 $15,000 0.665 $9,975 8 $15,000 0.627 $9,405 9 $15,000 0.592 $8,880 10 $15,000 0.558 $8,370 Total Present Value of the Investment $110,385 b. $9,200 to be received today, assuming that the money will be invested in a two-year certificate of deposit earning 8 percent annually. Amount to be invested (present value) $9,200.00 Required return on investment in first year ($9,200 x 8%) $736.00 Amount invested after one year $9,936.00 Required return on investment in second year ($9,936 x 8%) $794.88 Amount to be received in two years (future value) $10,730.88 c. $300 to be paid monthly for 36 months, with an additional "balloon payment" of $12,000 due at the end of the thirty-sixty months, discounted at a monthly interest rate of 1 1/2%. The first payment is to be one month from today. Amount ot be receive in one year Expected New Cash Flows x Present Value of $1 Dscounted at 6% = Present Value of New Cash Flows d. $25,000 to be received annually for the first three years, followed by $15,000 to be received annually for the next two years (total of five years in which collections are received), discounted at an annual rate of 8%. Assume collections occur at year-end. Amount ot be receive in one year Expected New Cash Flows x Present Value of $1 Dscounted at 8% = Present Value of New Cash Flows 1 $25,000 0.926 $23,150 2 $25,000 1.783 $44,575 3 $25,000 2.577 $64,425 4 $15,000 0.926 $13,890 5 $15,000 1.783 $26,745 Total Present Value of the Investment $172,785