Present and future value tables of $1 at 9% are presented below.

PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1

1. 0.91743 1.09000 0.91743 1.0900 1.0000
2. 0.84168 1.18810 1.75911 2.2781 2.0900
3. 0.77218. 1.29503 2.53129 3.5731 3.2781
4. 0.70843 1.41158 3.23972 4.9847 4.5731
5. 0.64993 1.53862 3.88965 6.5233 5.9847
6. 0.59627 1.67710 4.48592 8.2004 7.5233

How much must be invested now at 9% interest to accumulate to $13,000 in three years?

Multiple Choice

• $6,844.
• $9,771.
• $10,038.
• $7,111.