The present value of $47,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 1 2 3 0 0.95238 0.90703 .86384 0.82270 0.78353 0.74622 0.71068 6% 0.94340 0.89000 0.83962 0.79209 0.74726 0.70496 0.66506 7% 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 10% 12% 0.909090.89286 0.82645 0.79719 0.75132 0.71178 0.68301 0.63552 0.62092 0.56743 0.56447 0.50663 0.51316 0.45235 6 9 0 0.67684 .64461 0.61391 0.62741 0.59190 0.55840 0.58201 0.54393 0.50835 0.46651 0.42410 0.38554 0.40388 0.36061 0.32197 10 a. $38,843 b. $41,830 C. $37,468 d. $41,052