Use Future Value and Present Value Tables 1. Cathy Lumbattis inherited $140,000 from an aunt. If Cathy decides not to spend her inheritance but to leave the money in her saving account until she retires in 15 years, how much money will she have, assuming an annual interest rate of 8% compounded semiannually. 2. LuAnn Bean will receive $7,000 in 7 years. What is the present value at 7% compounded annually? 3. Kristen Quinn makes equal deposits of $500 semiannually for 4 years. What is the future value at 8%?