Calculator Present Value of a Single Sum The following are the present value factors of $1 discounted at 8% for one to five periods. Each item is based on 8% interest discounted annually from day of withdrawal (future) to day of deposit (present). Present Value of $1 Discounted at 8% per Period Periods 1 0.926 2 0.857 3 0.794 4 0.735 5 0.681 Refer to the present value table information above. What amount should be deposited in a bank today to grow to $1,000 3 years from today? a $1,000 X 0.794 b. ($1,000 x 0.926) + ($1,000 X 0.857) + ($1,000 X 0.794) c. $1,000 x 0.926 x 3 d. $1,000 0.794