Assuming an interest rate of 10%, the present value of $50,000 to be received 8 years from now would be closest to: Present Value of $1 14% 1 0 Periods 5 6 7 8 9 100 8% 0.681 0.630 0.583 0.540 0.500 .463 10% 0.621 0.564 0.513 0.467 0.424 0.386 12% 0.567 0.507 0.452 0.404 0.361 0.322 0.519 .456 0.400 0.351 0.308 0.270 Present Value of Ordinary Annuity of $1 Periods 8% 10% 5 3.993 3.791 6 4.623 4.355 7 5.206 4.868 8 5.747 5.335 9 6.247 5.759 106 .710 6.145 $23,350 $23,150. 12% 3.605 3 4.1113 4.5644 4.9684 5.3284 5.650 5 14% .433 .889 .288 .639 .946 .216 $266,750. $50,000