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Assuming an interest rate of 8%, the present value of $17,000 to be received 9 years from now would be closest to: (Click the icon

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Assuming an interest rate of 8%, the present value of $17,000 to be received 9 years from now would be closest to: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) A. $11,577 OB. $31,467 O C. $8,500 OD. $33,983. Data table Present Value of $1 Periods 5 6 7 8 9 10 5% 0.784 0.746 0.711 0.677 0.645 0.614 6% 0.747 0.705 0.665 0.627 0.592 0.558 8% 0.681 0.630 0.583 0.540 0.500 0.463 10% 0.621 0.564 0.513 0.467 0.424 0.386 Print Done Da Present Value of Annuity of $1 Periods 5% 5 4.329 6 5.076 7 5.786 8 6.463 9 7.108 10 7.722 6% 4.212 4.917 5.582 6.210 6.802 7.360 8% 3.993 4.623 5.206 5.747 6.247 6.710 10% 3.791 4.355 4.868 5.335 5.759 6.145 o lo Print Done

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