What would be more valuable, receiving $1,895 today or receiving $3,450 in six years if interest rates are 8 percent? Receiving $1,895 today Receiving $3,450 in six years They are worth the same amount Need more information to make a determination QUESTION 20 Approximately what rate is needed to double an investment over five years? 8 percent 12.2 percent 14.4 percent 15.8 percent