For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.): Present ValueYears Interest RateFuture value$ 13 7% $15,251 4 13 49,557 29 14 884,073 40 9 548,164

Present Value = Future Value / ( 1 + interest rate) ^ years

1. Present Value = 15,251 / ( 1 + 7%)¹³

= $6,328.62

2. Present value = 49,557 / (1 + 13%)⁴

= $30,394.24

3. Present value = 884,073 / ( 1 + 14%)²⁹

= $19,780.96

4. Present Value = 548,164 / (1 + 9%)⁴⁰

= $17,452.22

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.