What is the future value of $200 in 16 years assuming an interest rate of 12 percent compounded semiannually? Multiple Choice $246.68 $280.99 $1,22614 S1,290.68 S1226 08 An investment will pay you $18,000 in 7 years. The appropriate discount rate is 9 percent compounded daily. What is the present value? Multiple Choice O S0:08.03 $9,108,03 O $9,846.62 O $9,587.40 69.58740 $9.875.02 59.87502 $10,066.77