QUESTION 18 From one of her retirement annuities, Grace Yasui will receive $3,000 each quarter for 5 years. If Grace earns an interest rate of 8% compounded quarterly, compute the present value of these payments. Use Tables 23-2A and 23-2B or a calculator. a. $51,033.63 present value b. $49,594.29 present value c. $29,454.45 present value d. $49,054.29 present value QUESTION 19 Leslie loaned $2,000 to her daughter for four years. She charged her daughter only 4% ordinary simple interest. If the daughter repays all interest and principal on time, how much money will Leslie collect? (Use a 360-day year.) a. $2,320 b. $2,380. c. $2,300 d. $2,080