Time Value of Money: Basics Using the equations and tables in Appendix 12A of this chapter, determine the answers to each of the following independent situations: Round all answers to the nearest whole number. a. The future value in two years of $10.500 invested today in a certificate of deposit with interest compounded annually at 10 percent. $ b. The present value of $12,000 to be received in five years, discounted at 8 percent. $ c. The present value of an annuity of $25,500 per year for four years discounted at 12 percent. $ d. An initial investment of $47.220 is to be returned in six equal annual payments. Determine the amount of each payment if the interest rate is 16 perce $ e. A proposed investment will provide cash flows of $12,000, 515,000 and $13,000 at the end of Years 1, 2, and 3, respectively, Using a discount rate of 16 present value of these cash flows. Present Value Year 15 Year 2 Year Total 5 1. Find the present value of an investment that will pay $12,000 at the end of Years 8, 9 and 10. Use a discount rate of 12 percent