14. Assume that you will receive $750,000 in ten years. Assume the interest rate is 6%, compounded semi-annually. What is the present value? 15. What is the future value in 18 years of $900 (today), assuming an interest of 8 percent, compounded quarterly? In other words, if you invest $900 today, how much will you have in 18 years? The interest rate is 8%, compounded quarterly. (The stated or quoted rate is 8%, and it is compounded quarterly.)