The present value of $30,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar) (use the appropriate table in the outline or in the text and note that there is not interest payment involved, so this question could be stated as "How much would you loan someone today for a promise to be paid $30,000 in two years (with no interest payments) assuming you want to earn 12% interest on the loan")