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Present and future value tables of $1 at 3% are presented below: N 1 2 3 4 5 6 lololo FV $1 1.03000 106090 1.09273

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Present and future value tables of $1 at 3% are presented below: N 1 2 3 4 5 6 lololo FV $1 1.03000 106090 1.09273 1.12551 1.15927 1.19405 1.22987 1.26677 1.30477 1.34392 1.38423 1.42576 1.46853 1,51259 1.55797 1.60471 PV $1 0.97087 0.94260 0.91514 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 0.72242 0.70138 0.68095 0.66112 0.64186 0.62317 FVA $1 1.0000 20300 3.0909 4.1836 5.3091 6.4684 76625 8.8923 10.1591 11.4639 12.8078 14.1920 15.6178 17.0863 18.5989 20.1569 PVA $1 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 701969 778611 8.53020 9.25262 9.95400 10.63496 11.29607 11.93794 12.56110 FVAD $1 PVAD $1 1.0300 1.00000 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.4684 471710 6.6625 5.57971 7.8923 6.41719 9.1591 723028 10.4639 8.01969 11.8078 8.78611 13.1920 9.53020 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 1293794 10 11 12 13 14 15 16 Bill wants to give Maria a $590,000 gift in 7 years. If money is worth 6% compounded semiannually, what is Maria's gift worth today? Multiple Choice $587.250 SERRA

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