1. Calculate the present value of a payment of $1,075 you would received for 10 years if the interest rate is 5%.
Present value $
2. Calculate the present value of a payment of $875 you would received for 15 years if the interest rate is 5%.
Present value $
3. Calculate the present value of a payment of $1,075 you would received for 10 years if the interest rate is 20%.
Present value $
4. Calculate the present value of a payment of $875 you would received for 15 years if the interest rate is 20%.
Present value $