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What is the present value of $5,000 received: a. Twenty years from today when the interest rate is 8% per year? b.Ten years from today

What is the present value of $5,000 received:

a. Twenty years from today when the interest rate is 8% per year?

b.Ten years from today when the interest rate is 8% per year?

c.Five years from today when the interest rate is 8% per year?

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a. Twenty years from today when the interest rate is 8% per year?The present value of $5,000 received 20 years from today when the interest rate is 8% per year is $____. (Round to the nearest dollar.)

b.Ten years from today when the interest rate is 8% per year? The present value of $5,000 received 10 years from today when the interest rate is 8% per year is $______. (Round to the nearest dollar.)

c. Five years from today when the interest rate is 8% per year? The present value of $5,000 received 5 years from today when the interest rate is 8% per year is $____.(Round to the nearest dollar.)

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