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Present Value of an Present Value of $1 Annuity of $1 Discount Discount Rate Rate Periods 8% 10% 10% 5 0.6806 0.6209 3.9927 3.7908 7

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Present Value of an Present Value of $1 Annuity of $1 Discount Discount Rate Rate Periods 8% 10% 10% 5 0.6806 0.6209 3.9927 3.7908 7 0.5835 0.5132 5.2064 4.8684 9 0.5002 0.4241 6.2469 5.7590 8% The present value of an obligation of $8,000 payable in 7 years at 8% is: Multiple Choice $3,520 O $4.668 $6,412 $7,360

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