Problem: What is the present value of the following future amounts?
a.$800 to be received 10 years from now discounted back to the present at 10 percent
b.$300 to be received 5 years from now discounted back to the present at 5 percent
c.$1,000 to be received 8 years from now discounted back to the present at 3 percent
d.$1,000 to be received 8 years from now discounted back to the present at 20 percent