Julia Baker died, leaving to her husband Morgan an insurance policy contract that provides that the beneficiary (Morgan) can choose any one of the following four options. Money is worth 2.50% per quarter, compounded quarterly.
Compute Present value if:
(a) $56,270 immediate cash. (Round factor values to 5 decimal places and final answer to 0 decimal places,) Present value $
(b) $4,100 every 3 months payable at the end of each quarter for 5 years. (Round factor values to 5 decimal places, and final answer to 0 decimal places,) Present value $
(c) $19,000 immediate cash and $1,900 every 3 months for 10 years, payable at the beginning of each 3-month period. (Round factor values to 5 decimal places, and final answer to 0 decimal places,) Present value $