Answer the following time value of money questions assuming the interest rate is 7 percent. a. What is the present value of $800 to be received in four years? b. What is the present value of $800 to be received in eight years? c. What will be the value in seven years of $11,300 invested today? d. How much would you pay for the right to receive $4,300 at the end of year 1, $3,300 at the end of year 2, and $7,300 at the end of year 5? e. How long will it take for a $1,300 investment to double in value? f. What will be the value in 20 years of $1,100 invested at the end of each year for the next 20 years? Note: Round your answers to 2 decimal places. a. PV b. PV c. FV d. PV e. Number of time f. FV years

Answer the following time value of money questions assuming the interest rate is 7 percent. a. What is the present value of $800 to be recelved in four years? b. What is the present value of $800 to be recelved in eight years? c. What will be the value in seven years of $11,300 invested today? d. How much would you pay for the right to recelve $4,300 at the end of year 1,$3,300 ot the end of year 2 , and $7,300 at the end of year 5 ? e. How long will it take for a $1,300 investment to double in value? f What will be the value in 20 years of $1,100 invested at the end of each year for the next 20 years? Note: Round your answers to 2 decimal places