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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

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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, if an investment is made now for $22,200 that will generate a cash inflow of $7,400 a year for the next 4 years, the net present value (rounded to the nearest dollar) of the investment, assuming an earnings rate of 10%, is a. $23,458 b. $7,400 c. $1,258 d. $22,200

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