1. Question Content Area

   The rate of earnings is 12% and the cash to be received in 2 years is $41,956. Determine the present value amount, using the following partial table of present value of $1 at compound interest. (round to two decimal points).

   Year	6%		10%		12%
   1	0.943		0.909		0.893
   2	0.890		0.826		0.797
   3	0.840		0.751		0.712
   4	0.792		0.683		0.636

   a.$37,466.71

   b.$33,438.93

   c.$29,872.67

   d.$34,655.66