Raija received a gift from his grandmother of $100,000. She has promised to pay Raija the $100,000 in equal installments at the end of each year for the next 10 years. Raija wants to know how much the $100,000 is worth in today’s dollars. Which of the following will Raija need to calculate this amount?
a. The anticipated interest rate and the present value of $1 table.
b. The anticipated interest rate and the future value of $1 table.
c. The anticipated interest rate and the future value table for annuities.
d. The anticipated interest rate and the present value table for annuities.