Three years ago, you invested $2,750. Today, it is worth $3,500. What rate of interest did you earn? Multiple Choice 3.67 percent 4.67 percent 8.37 percent 70 percent 4.19 percent What is the present value of $12,300 to be received 2 years from today if the discount rate is 6 percent? Multiple Choice $10,545.27 $11,603.77 $9,720.87 $7,380.00 $10,946.96