Following is a table for the present value of $1 at compound interest: Year 6% 1 0.943 2 0.890 3 0.840 0.792 0.747 4 5 2 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 1 0.943 1.833 2.673 10% 3.465 4.212 0.909 0.826 0.751 0.683 0.621 a $57,818 b. $14,445 c. $18,239 d. $12,457 10% 12% 0.893 0.797 0.712 0.636 0.567 0.909 1.736 2.487 3.170 3.791 3 4 5 Using the tables provided, the present value of $18,239 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is 12% 0.893 1.690 2.402 3.037 3.605

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, the present value of $18,239 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%, is a. 557,818 b. $14,445 c. $18,239 d. $12,457