What is the present value of receiving $1,950 a year for 30 years if you expect a rate of return of 6% a year? $242 $975 $340 $124 Assume an interest rate of 8% per year. How much would you lose over 11 years if you had to give up interest on the interest-that is, if you received 88% instead of compounded interest? 88% 27.1% 53.4% 45.2%