The most straightforward method for calculating the present value of a future amount is to use the Present Value Table. By multiplying the future amount by the appropriate figure from the table, one may adequately determine the present value Instructions for using present value tables + Present Value of a Future Amount Table1-Present Value of $1 at Compound Interest Period 5% 6% 7% 8% 9% 10% 11% 12% 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.907 0.890 0.873 0,857 0.842 0.826 0.812 0.797 0.864 0.840 0.816 0.794 0.772 0.751 0.731 0.712 0.823 0.792 0.763 0,735 0.708 0.683 0,659 0.636 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.585 0.527 0.475 0,429 0.388 0.350 0.317 0.287 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.505 0.442 0.388 0.340 0.299 0.263 0.232 0.205 0.481 0.417 0.362 0.315 0.275 0.239 0.209 0.183 0.458 0.394 0.339 0.292 0.252 0.218 0.188 0.163 0.436 0.371 0.317 0.270 0.231 0.198 0.170 0.146 0.416 0.350 0.296 0.250 0.212 0.180 0.153 0.130 0.396 0.331 0.277 0.232 0.194 0.164 0.138 0.116 0.377 0.312 0.258 0.215 0.178 0.149 0.124 0.104 8 10 12 13 14 15 16 17 18 19 20 Using the previous table, enter the correct factor for three periods at 5%