Ellen Fenner expects to receive $2000 at the end of three years. What is the present value of this amount assuming a 10% annual compound interest rate (round your answer to the nearest dollar)? Present Value Interest Factors Period 296 4% 6% 8% 10% 12% 15% 20% 1 .9804 .9615 3434 .9259 .9091 B929 B696 .8333 2 .9612 .9246 .8900 B573 .8264 7972 .7561 .6944 3 9423 8890 8396 793875137118 6575 5787 49238 8548 7921 7350 6830 6355 5718 4823 5 9057 8319 7473 68066209 5674 4972 4019 6 8880 7903 7050 6302 5645 5066 4323 3349 2 8706 .7599 6651 5835 .5132 A523 3759 2791 8 .8535 .7307 .6274 5403 .4665 .4039 3269 .2326 98363 .7026 5919 5002 4241 3606 2843 .1938 10 8203 6756 5584 4632 3855 3220 2472.1615 11 8043 6496 5268 A289 3505 2875 2149 1346 12 7885 6246 4970 3971 3186 2567 1869 1122 13 7730 6006 A688 3677 2897 2292 1625 0935 14 7579 .5775 4423 3405 2633 2046 1413 0779 15 7430 5553 4173 3152 2394 1827 1229 0649 16 7284 5339 3936 2919 2176 1631 1069 0541 17 7142 5134 3714 2703 1978 1456 0929 0451 18 7002 4936 3503 2502 1799 1300 0808 0376 19 6864 4746 3305 2317 635 161 0703 .0313 20 .6730 .4564 3118 2145 .1486 0037 .0611 .0261 Select one: O a. $1503 O b. $1511 $1614