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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
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 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 is the present value of $3,000 (rounded to the nearest dollar) to be received at the end of each of the next four years, assuming an earnings rate of 12%? Oa. $10.815 Ob. $9,111 Oc. $1,908 Od. $7,206
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