What is the future value of $3,088 invested for 10 years at 6.1 percent compounded annually? Multiple Choice $4,170.20 es $9,763.51 $5,582.53 $10,092.18 $4,151.97 What is the present value of $12,950 to be received 3 years from today if the discount rate is 5 percent? Multiple Choice K $10,643.96 ces $7,770.00 $11,746.03 $11,186.70 $11,102.54 Multiple Choice k 10.34 percent 3 nces 5.17 percent .86 percent 5.60 percent 4.60 percent Maxxie purchased a tract of land for $32,500. Today, the same land is worth $48,900. How many years have passed if the price of the land has increased at an annual rate of 5.1 percent? Multiple Choice 8.21 years 7.39 years 6.16 years 7.04 years