Question: Construct a table and a graph showing the relationship between interest rates, time, and present value by showing how $5,000 pushed a year further into
Construct a table and a graph showing the relationship between interest rates, time, and present value by showing how $5,000 pushed a year further into the future over a 30-year period would be discounted at different interest rates. Use $5,000 for your future value and calculate the present value of this $5,000 each year over the 30-year period 0%, 2%, 4%, 7%, 10%, 13%, 16%, and 20% compounded annually. Present Value should be the y-axis for your graph and years (or time) should be your x-axis and you should end up with a line for each interest rate on your graph. Please insert your graph (chart) under your table of present values.
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