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Answer the following time value of money questions assuming the interest rate is 6 percent....

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Finance

Answer the following time value of money questions assuming the interest rate is 6 percent.

What is the present value of $700 to be received in four years?

What is the present value of $700 to be received in eight years?

What will be the value in seven years of $11,200 invested today?

How much would you pay for the right to receive $4,200 at the end of year 1, $3,200 at the end of year 2, and $7,200 at the end of year 5?

How long will it take for a $1,200 investment to double in value?

What will be the value in 20 years of $1,000 invested at the end of each year for the next 20 years?

Note: Round your answers to 2 decimal places.

A. PV
B. PV
C. FV
D. PV
E. Number of time Years
F. FV

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