Consider the following timeline: 
If the current market rate of interest is 8%,then the value as of year 1 is closest to:
Definitions:
Headright System
A land-grant policy that promised fifty acres to any colonist who could afford passage to Virginia, as well as fifty more for any accompanying servants. The headright policy was eventually expanded to include any colonists—and was also adopted in other colonies.
Large Estates
Expansive areas of land, usually encompassing significant homes or mansions, often associated with wealth and aristocracy.
Indentured Servants
Individuals who were bound by contract to serve another person for a specified period of time in exchange for passage to America, training, or other benefits, common in the 17th and 18th centuries.
Fondness for Freedom
A strong preference or affection towards liberty and the right to act, speak, or think as one wants without hindrance or restraint.
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