Compute the present value of $110,000, invested for six years at 5%.

Present value of $1:

5%	6%	7%	8%	9%
3	0.864	0.840	0.816	0.794
4	0.823	0.792	0.763	0.735
5	0.784	0.747	0.713	0.681
6	0.746	0.705	0.666	0.630
7	0.711	0.665	0.623	0.583

A.

$77,550

B.

$78,210

C.

$82,060

D.

$86,240