ageNOWV2 Online teach x + takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator&inprogress=false eBook Calculator Print Item Present Value of Amounts Due Tommy John is going to receive $740,000 in three years. The current market rate of interest is 4%. a. Using the present value of $1 table in Exhibit 8, determine the present value of this amount compounded annually. Round to the nearest whole dollar $ 657,857 b. Why is the present value less than the $740,000 to be received in the future? The present value is less due to Inflation over the 3 years. Previous Next > Check My Work 4 more Check My Work tes remaining