Following is a table for the present value of $1 at compound Interest: Year 6% 10% 12% 1 0.943 0.909 0.893 0.797 2 0.890 0.826 3 0.751 0.712 4 0.840 0.792 0.747 0.636 0.683 0.621 5 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 3 2.673 1.690 2.402 3.037 3.605 4 2.487 3.170 3.791 3.465 4.212 5 Using the tables provided, the present value of $12,601 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is a $12,601 b. $8,606 c. $39,945 d. $9.980