What is the present value of a $1,300 payment made in five years when the discount rate is 10 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value Using the rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 4.75 percent per year? (Round your answer to 2 decimal places.) Period years What would be more valuable, receiving $500 today or receiving $675 in five years if interest rates are 7 percent? Oreceiving $675 future receiving $500 today