The present Value of $40,000 to be received in one year, at 6% compounded annually, is (rounded to nearest dollar). Use the following table, if needed Present Value of $1 at Compound Interest Periods 5% 6% 79% 10% 12% 1 0.95238 0.94340 0.93458 0.90909 0.89286 2. 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 0.63552 4 0.82270 0.79209 0.76290 0.68301 5 0.78353 0.71299 0.62092 0.56743 0.74726 0.70496 0.66634 0.56447 0.74622 0.71068 0.50663 0.45235 7 0.66506 0.62275 0.51316 8 0.67684 0.62741 0.46651 0.40388 0.58201 0.54393 9 0.59190 0.42410 0.36061 0.64461 0.61391 10 0.55840 0.50835 0.38554 0.32192 a. 315.714 b. 540,000 Cc 337383 d. $37.736