NEXT Testbank Multiple Choice Question 78 Swifty Corporation will receive $710000 in a future year. If the future receipt is discounted at an interest rate of 9%, Its present value by $461450. In how many years is the $710000 received? 5 years 7 years 6 years 4 years Given below are the future value factors for 1 at 11% for one to five periods. Interest is compounded annually at 11%. Periods Future Value of 1 at 11% 1 1.110 2 1.232 1.368 4 1.518 5 1.685 1f $8000 is deposited in a savings account today, what amount will be available six years from now? 20 $8000 x 1.110 x 6 $8000 x 1.232 x 3 $8000 x 1.110 * 1.685 $8000 x 1.368 X 2