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What is the present value of $12,000 received: a. 14 years from today when the interest rate is 8% per year? b. 28 years

What is the present value of $12,000 received: a. 14 years from today when the interest rate is 8% per year? b. 28 years from today when the interest rate is 4% per year? c. 7 years from today when the interest rate is 6% per year? a. 14 years from today when the interest rate is 8% per year? The present value of $12,000 received 14 years from today when the interest rate is 8% per year is $ (Round to the nearest dollar.)

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