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What is the present value on January 1, 2016, of $30,000 due on January 1, 2020, and discounted at 10% compounded annually?

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  1. What is the present value on January 1, 2016, of $30,000 due on January 1, 2020, and discounted at 10% compounded annually?
  2. What is the present value on January 1, 2016, of $40,000 due on January 1, 2020, and discounted at 11% compounded semiannually?
  3. What is the present value on January 1, 2016, of $50,000 due on January 1, 2020, and discounted at 16% compounded quarterly?

Round to 2 decimal places.

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