EC1) Compute the present value of $46,000, invested for six years at 8%. 8% 9% Present value of $1: 5% 6% 3 0.864 0.840 4 0.823 0.792 5 0.784 0.747 6 0.746 0.705 7 0.711 0.665 A) $36,647 B) $25,300 C) $32,660 D) $28,980 7% 0.810 0.763 0.713 0.666 0.623 0.794 0.772 0.735 0.708 0.681 0.650 0.630 0.596 0.583 0.547 11 In EC2) Compute the present value of an ordinary annuity that pays $13,000 per year for 15 years at 10%. Present value of ordinary annuity of $1: 7% 8% 9% 10% 12% 7.499 7.139 6.805 6.495 5.938 12 7.943 7.536 7.161 6.814 6.194 13 8.358 7.904 7.487 7.103 6.424 8.745 8.244 7.786 7.367 6.628 15 9.108 8.559 7.604 6.811 A) $98,878 B) $99,745 C) $97,578 D) $100,178 14 8.061