esent Value of Amounts Due isume that you are going to receive $620,000 in 10 years. The current market rate of interest is 12%. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually, Round to the nearest whole dollar. Why is the present value less than the $620,000 to be recelved in the future? he present value is less due to over the 10 years. Festhos TCheck Myon Review the time value of money concept. Recall that the time value or money concept recognires that cash received today is worth more than the same amount of cash to be received in the future