Jack offers you an investment opportunity which is expected to pay 10.1% p.a. interest, compounded quarterly. You decide to invest $4,000 today. The value of your investment at the end of 8 years, if you make no withdrawals, will be (including cents: don't use $ sign or comma separators): Answer: Your aunt plans to give you $51,000 in exactly 10 years' time. You are needing funds now so she agrees instead to give you the equivalent amount today, allowing for the time value of money. She stipulates an interest rate of 7.9%p.a. compounding monthly. The amount she is prepared to give you is closest to: Select one: a. $970900 b. $23206 c. $23843 d. $23325