ust Choose The Corect Answer, No Need For Further Explanation. 9. The future value of 1 factor will always be a. Equal to 1. b. Greater than c. Less than d. Equal to the interest rate 10. If you are able to earn an 8% rate of return, what amount would you need to invest to have $30,000 one year from now? a. $27,747 b. $27,778 c. $27,273 d. $29,700 11.Suppose you have a winning lottery ticket and you are given the option of accepting $3,000,000 three years from now or taking the present value of the $3,000,000 now. The sponsor of the prize uses a 6% discount rate. If you elect to receive the present value of the prize now, the amount you will receive is a. $2,518,860. b. $2,591,520 c. $2,670,000 d. $3,000,000 12. On January 1, 2017, $3,000,000, 10-year, 10% bonds, were issued for $2,910,000. Interest is paid annually on January 1 . If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is a. $29,100 b. $9,000 c. $2,424 d. $750