1. 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 $30,000 to be received three years from today, assuming an earnings rate of 6%?

   a.$26,700

   b.$25,200

   c.$80,190

   d.$23,760