1.What is the present value of the following future amounts?

a.$800 to be received 10 years from now discounted back to present at 10%

b.$300 to be received 5 years from now discounted back to present at 5%

c.$1000 to be received 8 years from now discounted back to present at 3%

d.$1000 to be received 8 years from now discounted back to present at 20%

2. what amount will the following investments accumulate?

a. $5000 invested for 10 years at 10 percent compounded annually.

b. $8000 invested for 7 years at 8 percent compounded annually.

c. $775 invested for 12 years at 12 percent compounded annually.

d. $21000 invested for 5 years at 5 percent compounded annually.