Calculate the present value in two years using discount rates.

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Compute the present value of $4,800 paid in two years using the following discount rates: 8 percent in the first year and 7 percent in the second year. (Do not round intermediate calculations and round your answer to 2 decimal places.) Future value Number of years Interest rate first year Interest rate second year 4,800 2 8.00% 7.00% Complete the following analysis. Do not hard code values in your calculations. Value two years from today Value one year from today Present value