Present value of amounts due Assume that you are going to recelve $240,000 in 10 years. The current market rate of interest is 4%. a. 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. b. Why is the present value less than the $240,000 to be recelved in the future? The present value is less due t years