You will receive $$8,000$ three years from now. The discount rate is $8$ percent.

a$.$ What is the value of your investment two years from now? Multiply $$8,000\frac{1}{1\mathrm{.}08}$ or divide by $1\mathrm{.}08($one year's discount rate at $8$

percent$).$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Value of investment

$$,7,407\mathrm{.}41$

b$.$ What is the value of your investment one year from now? Multiply your answer to part a by $\frac{1}{1\mathrm{.}08}.$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Value of investment

$$,6,858\mathrm{.}71$

c$.$ What is the value of your investment today? Multiply your answer to part $b$ by $\frac{1}{1\mathrm{.}08}.$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

d$.$ Use the formula PV $=FV(\frac{1}{(1+i{)}^n})$ to find the present value of $$7,800$ received three years from now at $8$ percent interest.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.