Assignment 5 - Chapter 7 1 1 Check my work mode: This shows what is correc 14 points Answer the following time value of money questions assuming the interest rate is 6 percent. a. What is the present value of $2,200 to be received in four years? b. What is the present value of $2,200 to be received in eight years? c. What will be the value in seven years of $12,700 invested today? d. How much would you pay for the right to receive $5,700 at the end of year 1, $4,700 at the end of year 2, and $8,700 at the end of year 5? e. How long will it take for a $2,700 investment to double in value? f. What will be the value in 20 years of $2,500 invested at the end of each year for the next 20 years? Note: Round your answers to 2 decimal places. Answer is not complete. a. PV $ 1,730.58 b. PV $ 1,380.80 c. FV $ 19,096.10 d. PV e. Number of time 12.00 years f. FV $ 91,963.98