*****Present Value Computations

Using the present value tables, solve the following. Round your answers to two decimal places.

Required: What is the present value on January 1, 2016, of $30,000 due on January 1, 2020, and discounted at 10% compounded annually?$__________

What is the present value on January 1, 2016, of $40,000 due on January 1, 2020, and discounted at 11% compounded semiannually?$ _________

What is the present value on January 1, 2016, of $50,000 due on January 1, 2020, and discounted at 16% compounded quarterly? $ __________