Problem 4-3 Calculating Present Values [LO 2]

For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Present Value		Years			Interest Rate				Future Value
$			9			7	%			$	18,428
			1			12					42,617
			13			15					801,382
			18			14					658,816