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Below is a table for the present value of $ 1 at Compound interest. Year 6 % 1 0 % 1 2 % 1 0

Below is a table for the present value of $1 at Compound interest.
Year 6%10%12%
10.9430.9090.893
20.8900.8260.797
30.8400.7510.712
40.7920.6830.636
50.7470.6210.567
Below is a table for the present value of an annuity of $1 at compound interest.
Year 6%10%12%
10.9430.9090.893
21.8331.7361.690
32.6732.4872.402
43.4653.1703.037
54.2123.7913.605
Using the tables above, what is the present value of $11,899.00(rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%?
a. $28,581
b. $42,896
c. $11,899
d. $36,137

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