CH26 num1

Following is a table for the present value of $1 at compound interest: Following is a table for the present value of an annuity of $1 at compound interest: Using the tables provided, the present value of $15,000 to be received at the end of each of the next 2 years, assuming an earnings rate of 6%, is a. $30,000 b. $27,495 c. $26,040 d. $25,350