PRESENT VALUE TABLES

Table A: PV of $1 Received Each Period (Annuity)									Table B: Present Value of $1
N	4%	5%	6%	7%	8%	9%	10%		N	4%	5%	6%	7%	8%	9%	10%
1	0.96	0.95	0.94	0.93	0.93	0.92	0.91		1	0.96	0.95	0.94	0.93	0.93	0.92	0.91
2	1.89	1.86	1.83	1.81	1.78	1.76	1.74		2	0.92	0.91	0.89	0.87	0.86	0.84	0.83
3	2.78	2.72	2.67	2.62	2.58	2.53	2.49		3	0.89	0.86	0.84	0.82	0.79	0.77	0.75
4	3.63	3.55	3.47	3.39	3.31	3.24	3.17		4	0.85	0.82	0.79	0.76	0.74	0.71	0.68
5	4.45	4.33	4.21	4.10	3.99	3.89	3.79		5	0.82	0.78	0.75	0.71	0.68	0.65	0.62
6	5.24	5.08	4.92	4.77	4.62	4.49	4.36		6	0.79	0.75	0.70	0.67	0.63	0.60	0.56

Q12.What is the present value of single payment of $20,000 to be paid in 5 years with an interest rate of 6%?

	A.	$15,000
	B.	$16,400
	C.	$16,800
	D.	$23,600
	E.	$84,200