Tommy John is going to receive $430,000 in three years. The current market rate of interest is 13%. a. Using the present value of $1 table in Exhibit 8 , determine the present value of this amount compounded annually. Round to the nearest whole dollar. s x b. Why is the present value less than the $430,000 to be received in the future? The present value is less due to? over the 3 years