Suppose a relative has promised to give you $$1,000$ as a gift the day you graduate. Assuming a constant interest rate of $8\%,$ consider the present an future values of this gift depending on whether you graduate in $1$ year or in $2$ years.

Complete the first row of the table by determining the value of the gift in $1$ and $2$ years if you enroll today.

$\backslash$table$[[$Date Received,$\backslash$table$[[$Present Value$],[($Dollars$)]],\backslash$table$[[$Value in $1$ Year$],[($Dollars$)]],\backslash$table$[[$Value in $2$ Years$],[($Dollars$)]]],[$Today$,1,000\mathrm{.}00,-,],[$In $1$ year,,$1,000\mathrm{.}00,],[$In $2$ years,,,$1,000\mathrm{.}00$