24. Compounding is the process of accumulating interest in an investment over time to earm more interest A. True. B. False. 25. What is the present value of $50,000 received 7 years from today if the discount rate is 10 percent? A. $25,000.00 B. S25,657.91 C. $28,223.70 D. $29,411.76 E. 31,000.00 26. What is the present value of the following end-of-ycar cash flows if the discount rate is 8 percent? Year Cash Flow 1 S170 2 $230 3 $480 4 $890 A. $1,149.65 B. S1,389.81 C. $1,430.57 D. S1,687.83 E. $1,890.83 27. Approximately how long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8% compounded annually? A. 9 years B. 14 years C. 22 years D. 25 years E. 28 ycars