A scholarship fund has $80,000 to invest now to provide scholarships to high school students. They want to have at least $200,000 in 10 years. What approximate rate of interest must they invest this money at to reach their goal? Use Table PV-1. EXHIBIT B-7 Table PV-1 Present Value of $1 Present Values of $1 Due In n Periods Discount Rate Number of Periods (n) 5% 6% 8% 10% 12%% 15% 20% 990 985 952 943 926 909 893 870 833 980 971 1907 890 857 B26 797 756 694 WN - 971 956 864 840 794 751 4712 658 .579 961 942 823 1792 735 683 636 572 482 951 928 1784 747 681 621 567 497 402 942 915 746 705 630 564 507 432 335 1933 901 711 665 583 513 452 376 279 923 868 677 627 540 467 404 327 233 914 875 645 592 500 361 284 194 10 905 862 614 558 463 386 322 247 162 20 .820 742 377 312 215 149 104 061 026 24 ,788 ,700 310 247 158 102 066 035 013 36 699 585 173 123 063 032 1007 001 O 10% 12% 0 6% 0 7%