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What is the present value of $3,000 received: a. Twenty years from today when the interest rate is 8% per year? b. Ten years from

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What is the present value of $3,000 received: a. Twenty years from today when the interest rate is 8% per year? b. Ten years from today when the interest rate is 5% per year? c. Five years from today when the interest rate is 1% per year? a. Twenty years from today when the interest rate is 8% per year? The present value of $3,000 received 20 years from today when the interest rate is 8% per year is $ (Round to the nearest dollar.)

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