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Problem 4 - 2 1 Present Value a . What is the present value of $ 8 , 0 4 8 invested in an account

Problem 4-21 Present Value
a.
What is the present value of $8,048 invested in an account with an APR of 9.9 percent for 7 years, compounded annually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
b.
What is the present value of $8,048 invested in an account with an APR of 9.9 percent for 7 years , compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
c.
What is the present value of $8,048 invested in an account with an APR of 9.9 percent for 7 years, compounded monthly? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
d.
What is the present value of $8,048 invested in an account with an APR of 9.9 percent, for 7 years, compounded continuously? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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