Time Value of Money: Basics Using Table 12A.1 and Table 12A.2 of this chapter, determine the answers to each of the following independent situations. (Round answers to the nearest whole number.) The future value in three years of $1,000 deposited today in a savings account with interest compounded annually at 9 percent. Dollar The present value of $7,000 to be received in two years, discounted at 10 percent. Dollar The present value of an annuity of $8,000 per year for six years discounted at 12 percent. Dollar An initial investment of dollar 18,556 is to be returned in eight equal annual payments. Determine the amount of each payment if the interest rate is 14 percent. A proposed investment will provide cash flows of dollar30,000, dollar7,000, and dollar5,000 at the end of Years 1, 2, and 3, respectively. Using a discount rate of 16 percent, determine the present value of these cash flows. Year 1 dollar Year 2 dollar Year 3 dollar Find the present value of an investment that will pay dollar5,000 at the end of Years 10,11, and 12. Use a discount rate of 10 percent. Dollar