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Following is a table for the present value of $1 at compound interest: Year 1 2 3 4 5 1 2 3 4 5 0.943
Following is a table for the present value of $1 at compound interest: Year 1 2 3 4 5 1 2 3 4 5 0.943 0.890 0.840 0.792 0.747 6% O a. a. $79,250 O b. $15,525 O c. $17,075 O d. $19,800 6% 0.943 1.833 Following is a table for the present value of an annuity of $1 at compound interest: Year 2.673 10% 3.465 4.212 0.909 0.826 0.751 0.683 0.621 10% 0.909 1.736 2.487 3.170 12% 3.791 0.893 0.797 0.712 0.636 0.567 12% 0.893 1.690 2.402 3.037 Using the tables provided, the present value of $25,000 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is 3.605
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