What is the present value of $ $14$ comma $000$ received

a$.12$ years from today when the interest rate is $8\%$ per$$ year?

b$.24$ years from today when the interest rate is $16\%$ per$$ year?

c$.$ six years from today when the interest rate is $4\%$ per$$ year?

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Part $1$

a$.$ What is the present value of $ $14$ comma $000$ received $12$ years from today when the interest rate is $8\%$ per$$ year?$($Round to the nearest$$ dollar.$)$

The present value is $$$

$$

$5,560.$

Part $2$

b$.$ What is the present value of $ $14$ comma $000$ received $24$ years from today when the interest rate is $16\%$ per$$ year?$($Round to the nearest$$ dollar.$)$

The present value is $$$

$$

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