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Click below to view the factor tables. Table 1. Future Value of 1 Table 2....

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Accounting

Click below to view the factor tables. Table 1. Future Value of 1 Table 2. Future Value of an Annuity of 1 Table 3. Present Value of 1 Table 4. Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $22,000 due 6 periods from now, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value

$

(b) What is the present value of $22,000 to be received at the end of each of 3 periods, discounted at 8%? (Round answer to 2 decimal places, e.g. 25.25.)

Present value

$

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