What is the present value of $12,000 received a. 10 years from today when the interest rate is 8% per year? b. 20 years from today when the interest rate is 16% per year? c. 5 years from today when the interest rate is 4% per year? a. What is the present value of $12,000 received 10 years from today when the interest rate is 8% per year? The present value is $ . (Round to the nearest dollar.) b. What is the present value of $12,000 received 20 years from today when the interest rate is 16% per year? The present value is $ . (Round to the nearest dollar.) c. What is the present value of $12,000 received 5 years from today when the interest rate is 4% per year? The present value is Round to the nearest dollar.)

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