Problem 5-3 Calculating Present Values [LO2]

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
$	12		6	%		$	15,351
	3		12				50,557
	28		13				885,073
	30		10				549,164