Ellis Jones expects to receive $1000 at the end of each year for the next two years. Assuming an annual compound interest rate of 2%, wha is the present value of these two annual payments? Present Value Interest Factors Period 25 4% 6% 8% 10% 12% 15% 20% 9259 9091 8929 3696 8573 8264 3972 7561 8333 6944 9804 9615 9434 9612 9246 8900 9423 8890 8396 9238 8548 7921 9057 8319 3473 2118 6575 5787 7513 6830 6355 5718 4823 6209 5674 A972 4019 8880 4323 3349 7938 7350 6806 7903 7050 6302 5645 5066 8706 3599 6651 5835 5132 4523 3759 2791 8535 7307 6274 5403 4665 4039 3269 8363 7026 5919 5002 4241 3606 2843 8203 6756 5504 4632 3855 3220 2472 A289 2326 1938 1615 3505 2875 2149 1346 8043 6496 5268 6246 A970 7730 6006 A688 7885 3971 3186 2567 .1869 1122 3677 2897 2292 1625 0935 7579 5775 4423 3405 2633 2046 1413 0779 2394 1827 1229 0649 7430 5553 4173 3152 7284 5339 3936 2919 7142 5134 3714 2703 2176 1631 1069 0541 1456 0929 0451 .1300 0808 0376 1161 7002 4936 3503 2502 6864 4746 3305 2317 6730 4564 3118 0703 0313 0037 0611 0261 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Select one: O a. $1886. O b. $1942 c. $1833 O d. $1782 1978 1799 1635 2145 1486