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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
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.)
b. $16,900 in 3 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
c. $26,600 in 9 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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