ed Answer the following time value of money questions assuming the interest rate is 5 percent. a. What is the present value of $600 to be received in four years? b. What is the present value of $600 to be received in eight years? c. What will be the value in seven years of $11,100 invested today? d. How much would you pay for the right to receive $4,100 at the end of year 1, $3,100 at the end of year 2, and $7,100 at the end of year 5? e. How long will it take for a $1,100 investment to double in value? f. What will be the value in 20 years of $900 invested at the end of each year for the next 20 years? Note: Round your answers to 2 decimal places. a. PV $ 493.62 b. PV $ 406.10 c. FV $ 15,478.10 d. PV $ 12,279.39 e. Number of time 5.00 years LFV $ 32,147.33