Answer the following time value of money questions assuming the interest rate is 11 percent. 3. What is the present value of $2,000 to be received in four years? ). What is the present value of $2,000 to be received in eight years? :. What will be the value in seven years of $12,500 invested today? 1. How much would you pay for the right to receive $5,500 at the end of year 1,$4,500 at the end of year 2 , and $8,500 at the end of year 5 ? 2. How long will it take for a $2,500 investment to double in value