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6 Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826

6 Below is a table for the present value of $1 at Compound interest.

Year 6% 10% 12%
1 0.943 0.909 0.893
2 0.890 0.826 0.797
3 0.840 0.751 0.712
4 0.792 0.683 0.636
5 0.747 0.621 0.567

Below is a table for the present value of an annuity of $1 at compound interest.

Year 6% 10% 12%
1 0.943 0.909 0.893
2 1.833 1.736 1.690
3 2.673 2.487 2.402
4 3.465 3.170 3.037
5 4.212 3.791 3.605

Using the tables above, what would be the present value of $34,000 (rounded to the nearest dollar) to be received 3 years from today, assuming an earnings rate of 6%?

a.$28,560

b.$42,650

c.$90,882

d.$34,000

9.

The rate of earnings is 6% and the cash to be received in 4 years is $41,775. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points).

Year 6% 10% 12%
1 0.943 0.909 0.893
2 0.890 0.826 0.797
3 0.840 0.751 0.712
4 0.792 0.683 0.636

a.$33,085.80

b.$26,568.90

c.$28,532.33

d.$35,091.00

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