Click to Select #1 : (Larger - Smaller - The Same)

Click to Select #1 : (The payout is smaller - The payout is larger - The Principle has less time to grow - The principle has more time to grow)

Compute the present value of a $1,000 investment made 6 months, 7 years, and 15 years from now at 8 percent interest (Remember the exponent for the 6 month calculation is expressed as 0.5, representing one-half of one year.) Instructions: Enter your responses to the nearest penny (2 decimal places). Do not round intermediate calculations. Present value of investment made in 6 months at 8 percent = $ Present values of investment made in 7 years at 8 percent = $ Present value of investment made in 15 years at 8 percent = $ The present value of the investment is (Click to select) the further into the future the investment is made because (Click to select)