What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods a. $8,200 in 7 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. $16,900 in 3 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value c. $26,600 in 9 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value Appendix B (concluded) Present value of $1 Percent Period 16 18x 1 2 4 5 6 7 8 9 13x 0.783 0.693 0.613 0.543 0.480 0.425 0.376 0.333 0.295 0.261 0231 0.204 . 181 0.160 0.141 0.125 0.111 0.098 0.087 .047 .026 0.008 0.002 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 14x 0877 0.769 0.675 0.592 0519 0.456 0.400 0.351 0.308 0.270 0 237 0.208 . 102 0.160 0.140 0.123 0.108 0.095 0083 0.073 0038 .020 0005 0.001 15 0870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 284 . 247 0215 0.187 0.163 0.141 0.123 0.107 o093 0.001 o070 .061 0030 .015 o004 o 001 OB62 0.743 .641 0552 0.476 0.410 354 0.305 263 0227 0.195 0.168 . 145 . 125 0.108 0.093 0.069 0060 0.051 0024 0012 .003 0.001 1TX 0855 0.731 .624 0.534 0.456 .390 .333 . 285 243 . 208 0.178 0.152 . 130 0.111 .095 0.001 0.069 0.059 .051 0.043 0020 0.009 .002 .847 0.718 .609 0.515 0.437 0.370 314 . 266 225 . 191 0.162 0.137 . 116 0.099 4 .071 0.000 .051 .043 ? 16 .007 0001 198 .840 0.706 0.593 0.499 0.419 0.352 . 296 0.249 . 209 0.176 0.148 0.124 . 104 . .074 0.062 52 .044 0.037 0.031 0.013 0.005 .001 20 0.833 .694 0.579 0.482 0.402 0.335 0.279 0.233 . 194 0.162 . 135 0.112 0.093 0.078 .065 0.054 0.045 0.038 0.031 .026 0.010 0.004 0.001 25 0.800 0.64o 0,512 0.410 0.328 0.262 0.210 0.16B 0.134 0.107 0.086 0.069 0.055 0.044 .035 0.02B 0.023 0.01 0.014 0.012 .004 0.001 30 0.769 0.592 0,455 0.350 0.269 0.207 0,159 0.123 0.094 0.073 0,056 0.043 0,033 0.025 0.00 0.015 0.012 0.009 0.007 0.005 0.001 35 0,741 0.549 0,406 0.301 0,223 0.165 0,122 0.091 0.067 0.00 0.07 0.027 0,020 0.015 .011 0.0 0.006 0.005 0.003 0.002 0.001 40 0.714 0.510 0,364 0.260 0.186 0.133 0.095 0.06B 0.048 0.035 0,025 0.018 0,013 0.009 0,006 0.0os 0.003 0.002 0.002 0.001 50 0.667 0.444 0,296 0.19B 0.132 0.08B 0,059 0.039 0.026 0.017 0,012 0.0 0.005 0.003 0,002 0.002 0.001 0.001 OOOOO Appendix B Present value of S1, PVF PV=FV Percent Period 11% 1 2. 3 5% 0.952 0.907 0.864 0.823 0.784 0.746 0.711 4 5 6 7 9 0.677 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 0.990 0.980 0.971 0.961 0.951 0.942 0.933 0.923 0.914 0.905 0.896 0.887 0.879 0.870 0.861 0.853 0.844 0.836 0.828 0.820 0.780 0.742 0.672 0.608 2% 0.980 0.961 0.942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 0.804 0.788 0.773 0.758 0.743 0.728 0.714 0.700 0.686 0.673 0.610 0.552 0.453 0.372 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.478 0.412 0.307 0.228 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 0.375 0.308 0.208 0.141 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0.416 0.396 0.377 0.295 0.231 0.142 0.087 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.233 0.174 0.097 0.054 0.935 0.873 0.816 0.763 0.713 0.666 0.623 0.582 0.544 0.50B 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.184 0.131 0.067 0.034 8% 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.292 0.270 0.250 0.232 0.215 0.146 0.099 0.046 0.021 0.917 0.842 0.772 0.708 0.650 0.596 0.547 0.502 0.460 0.422 0.388 0.356 0.326 0.299 0.275 0.252 0.231 0.212 0.194 0.178 0.116 0.075 0.032 0.013 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.092 0.057 0.022 0.009 0.901 0.812 0.731 0.659 0.593 0.535 0.482 0.434 0.391 0.352 0.317 0.286 0.258 0.232 0.209 0.188 0.170 0.153 0.138 0.124 0.074 0.044 0.015 0.005 12 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.059 0.033 0.011 0.003