Assuming an interest rate of 14% the present value of $60,000 to be received 8 years from now would be closest to Present Value of ST Periods 8% 10% 12% 14% 5 0.681 0621 0 567 0.519 6 0.630 0.564 0.507 0456 7 0.583 0.513 0.452 0.400 8 0:540 0.467 0.404 0.351 9 0.500 0.424 0 361 0.308 10 0 463 0.386 0322 0270 Present Value of Annuity of $1 Periods 8% 10% 12% 14% 14% Present Value of Annuity of S1 Periods 8% 3.993 4.623 5.206 5.747 6.247 10 6.710 covou 10% 3.791 4.355 4.868 5.335 5.759 6.145 12% 3.605 4.111 4.564 4.968 5.328 5.650 3.433 3.889 4.288 4.639 4.946 5.216 O A. $21,060 OB. $67,200 O C. $278,340 OD. $60,000