Following is a table for the present value of $1 at compound interest: Year 6% 12% 10% 0.909 1 0.943 0.893 2. 0.890 0.826 0.797 3 0.840 0.792 0.751 0.683 4 0.712 0.636 0.567 5 0.747 0.621 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 0.893 1 0.943 0.909 2 1.833 1.736 1.690 2.673 2.487 2.402 4 3.465 3.170 3.037 S 4.212 3.791 3.605 Using the tables provided, the present value of $16,599.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, is a $50,411 b. $39,871 c. $16,599 $59,839