Q1.Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year.
(Do not round intermediate calculations. Round your answer to 2 decimal places.)
Q2.
(Round your answer to 2 decimal places.)
Q3.
(Do not round intermediate calculations. Round your answer to 2 decimal places.)