a. Determine the present value of $15,000 to be paid annually for 10 years, discounted at an annual rate of 6 percent. Payments are to occur at the end of each year. (Round your PV factor to 3 decimal places and final answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.) Present value $
b. Determine the present value $9,200 to be received today, assuming that the money will be invested in a two-year certificate of deposit earning 8 percent annually. (Round your PV factor to 3 decimal places and final answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.) Present value $
c. Determine the present value of $300 to be paid monthly for 36 months, with an additional "balloon payment" of $12,000 due at the end of the thirty-sixth month, discounted at a monthly interest rate of 1½ percent. The first payment is to be one month from today. (Round your PV factor to 3 decimal places, intermediate and final answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.) Present value $
d. Determine the present value of $25,000 to be received annually for the first three years, followed by $15,000 to be received annually for the next two years (total of five years in which collections are received), discounted at an annual rate of 8 percent. Assume collections occur at year-end. (Round your PV factor to 3 decimal places and final answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)