What is the present value of:

Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a.	$8,700 in 9 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$

b.	$17,800 in 4 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$

c.	$27,500 in 12 years at 11 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value

$