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Below is a table for the present value of $1 at Compound interest. Year 12345 6% 10% 12% .943 .909 .893 .890 .826 .797
Below is a table for the present value of $1 at Compound interest. Year 12345 6% 10% 12% .943 .909 .893 .890 .826 .797 .840 .751 .712 .792 .683 .636 .747 .621 .567 Below is a table for the present value of an annuity of $1 at compound interest. Year 12345 6% 10% 12% .943 .909 .893 1.833 1.736 1.690 2.673 2.487 2.402 3.465 3.170 3.037 4.212 3.791 3.605 Using the tables above, what would be the present value of $15,000 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%? $11,250 $10,245 O $3,750 $47,550
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