Now assume that the interest rate is 16%. What is the present value of all the gifts? Part 7 Still assume that the interest rate is 16%. What is the future value of all the gifts? It is the end of 2023. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you with your school expenses by giving you the following amounts for Christmas: Your uncle is fairly wealthy and very reliable. You currently have $10,000 in a savings account paying an annual interest rate of 12%