Determine the present values if 5000 dollars is received in the future in each of the following situations a. 5% for 10 years. b. 7% for 7 years. c. 9% for 4 years.
@ 5% for 10 years: PV=$3,069.57
@ 7% for 7 years: PV=$3,113.75
@9% for 4 years: PV=$3,542.13
