pays 8 percent interest. How much will you have in four years? (See Problem 2.) Calculating Present Values Suppose you have just celebrated your 19th birthday. A rich uncle set up a trust fund for you...

Extracted text: pays 8 percent interest. How much will you have in four years? (See Problem 2.) Calculating Present Values Suppose you have just celebrated your 19th birthday. A rich uncle set up a trust fund for you that will pay you $100,000 when you turn 25. If the relevant discount rate is 11 percent, how much is this fund worth today? (See Problem 3.) 4.2 You'uo h0on offered an investment that will double