1. Future and present values Suppose a relative has promised to give you $1,000 as a wedding gift the day you get engaged. Assuming a constant interest rate of 5%, consider the present and future values of this gift, depending on when you become engaged. Complete the first row of the following table by determining the value of the gift in one and two years with interest if you become engaged today and save the money. Present Value Value in One Year Value in Two Years Date Received (Dollars) (Dollars) (Dollars) Today 1,000.00 In 1 year 1,000.00 In 2 years 1,000.00 Now complete the first column of the previous table by computing the present value of the gift if you get engaged in one year or two years. The present value of the gift is if you get engaged in two years than it is if you get engaged in one year. Complete the first row of the following table by determining the value of the gift in one and two years with interest if you become engaged today and save the money. Present Value (Dollars) 1,000.00 Date Received Today Value in One Year (Dollars) 1,102.50 Value in Two Years (Dollars) In 1 year 907.03 952.38 In 2 years 1,000.00 1,050.00 Now complete the first column of the previou 1,102.50 omputing the present value of the gift if you get engaged in one year or two years. 1,157.63 The present value of the gift is greater if you get engaged in two years than it is if you get engaged in one year. Complete the first row of the following table by determining the value of the gift in one and two years with interest if you become engaged today and save the money. Present Value (Dollars) 1,000.00 Date Received Value in One Year (Dollars) 1,102.50 Value in Two Years (Dollars) Today In 1 year 907.03 1,000.00 907.03 In 2 years 1,002.50 Now complete the first column of the previous table by computing tH 1,050.00 alue of the gift if you get engaged in one year or two years. 1,102.50 The present value of the gift is greater if you get engaged in two years than it is if you get engaged in one year. Complete the first row of the following table by determining the value of the gift in one and two years with interest if you become engaged today and save the money. Present Value (Dollars) 1,000.00 Date Received Today Value in One Year (Dollars) 1,102.50 Value in Two Years (Dollars) In 1 year 907.03 1,000.00 In 2 years 1,000.00 907.03 952.38 he previous table by computing the present value of the gift if you get engaged in one year or two Now complete the firs! years. 1,050.00 The present value of t 20,000.00 ater if you get engaged in two years than it is if you get engaged in one year. ing table by determining the value of the gift in one and two years with interest if you become engaged Complete the first row today and save the n 907.03 952.38 Value in Two Years (Dollars) Date Received 1,102.50 Value in One Year (Dollars) 1,102.50 1,000.00 Today 400,000.00 In 1 year In 2 years 1,000.00 Now complete the first column of the previous table by computing the present value of the gift if you get engaged in one year or two years. The present value of the gift is greater if you get engaged in two years than it is if you get engaged in one year. In 2 years 1,000.00 Now complete the first column years. greater vious table by computing the present value of the gift if you get engaged in one year or two smaller The present value of the gift is if you get engaged in two years than it is if you get engaged in one year