You will receive $9,600 three years from now. The discount rate is 8 percent. a. What is the value of your investment two years from now? Multiply $9,600 x (1/1.08) or divide by 1.08 (one year's discount rate at 8 percent). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of investment $ 8.888.89 b. What is the value of your investment one year from now? Multiply your answer to part a by (1/1.08). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of investment $ 8,230.45