What is the present value of $$$$7$ comma $000$ received

a$.14$ years from today when the interest rate is $10\%$ per$$ year?

b$.28$ years from today when the interest rate is $20\%$ per$$ year?

c$.7$ years from today when the interest rate is $5\%$ per$$ year?

Question content area bottom

Part $1$

a$.$ What is the present value of $$$$7$ comma $000$ received $14$ years from today when the interest rate is $10\%$ per$$ year?

The present value of $$$$7$ comma $000$ received $14$ years from today when the interest rate is $10\%$ per year is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$

Part $2$

b$.$ What is the present value of $$$$7$ comma $000$ received $28$ years from today when the interest rate is $20\%$ per$$ year?

The present value of $$$$7$ comma $000$ received $28$ years from today when the interest rate is $20\%$ per year is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$

Part $3$

c$.$ What is the present value of $$$$7$ comma $000$ received $7$ years from today when the interest rate is $5\%$ per$$ year?

The present value of $$$$7$ comma $000$ received $7$ years from today when the interest rate is $5\%$ per year is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$