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Following is a table for the present value of $1 at compound interest: 1 Year 6% 10% 12% 0.943 0.909 0.893 2 0.890 0.826 0.797

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Following is a table for the present value of $1 at compound interest: 1 Year 6% 10% 12% 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 0.792 0.683 0.636 5 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound Interest: Year 6% 10% 12% 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 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 O $19,800 b. $17,075 OG $15,525 d. $79,250

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