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10% The rate of earnings is 12% and the cash to be received in 2 years is $34,426. Determine the present value amount, using the
10% The rate of earnings is 12% and the cash to be received in 2 years is $34,426. Determine the present value amount, using the following partial table of present value of $1 at compound interest: (round to two decimal points) Year 6% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 0.792 0.683 0.636 Oa. $30,742.42 Ob. $27,437.52 c. $28,435.88 d. $24,511.31
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