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10. What is the approximate present value of an investment in a project that generates annual interest of 7% for 3 years, after which it

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10. What is the approximate present value of an investment in a project that generates annual interest of 7% for 3 years, after which it will be worth $1,000? (4 points) A. $1,225.04 B. $1,470.85 C. $816.30 D. $745.33 E. $1,000.00 F. $1,070.00 G. $1,021.00 H. None of the above 11. What is the approximate present value of an investment in a project that generates an annual interest rate of 7%, which is compounded quarterly, for 3 years, after which it will be worth $1,000? (4 points) A. $1,485.95 B. $1,231.44 C. $812.06 D. $748.71 E. $1,000.00 F. $1,070.89 G. $1,021.90 H. None of the above 12. What is the approximate present value of an investment in a project that generates an annual interest rate of 7%, which is compounded continuously, for 3 years, after which it will be worth $1,000? (4 points) A. $1,491.83 B. $1,233.68 C. $810.58 D. $749.63 E. $1,000.00 F. $1,083.24 G. $1,022.46 H. None of the above

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