You are asked to find the present value of $45,000 in one year with an 8% annual interes rate, compounded annually? ANSWER FORMAT For answers referring to dollar amount, use no commas or dollar signs: 12345 (NOT $12,345 ) For answers referring to a percent, answer in decimal form: 0.05 (NOT 5\%) For answers referring to years, answer in whole numbers: 5 (NOT 5 years) Which of the formulas below would you use to solve this question? Use the number corresponding to the formula (i.e. 1, 2,3,4). 1. PV=(1+r)nFV 2. PV=rCF 3. PV=(rg)CF 4. PV=CF(r(1(1+r)n1)) What is the value for r that you would use? If there is no r, answer NO. What is the value for n that you would use? If there is NO n, answer NO. What is the value for CF or FV that you would use? If there is NO CF or FV, answer NO. What is the value of g that you would use? If there is NOg, answer NO