The present value of $61,000 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% 6% 7% 10% 12% 1 0.95238 0.94340 0.93458 0.90909 0.89286 2 0.89000 0.87344 0.79719 0.90703 0.86384 0.82645 0.75132 3 0.83962 0.81630 4 0.82270 0.79209 0.76290 0.68301 5 0.62092 0.78353 0.74622 0.74726 0.70496 0.71299 0.66634 0.71178 0.63552 0.56743 0.50663 0.45235 6 0.56447 0.51316 7 0.66506 0.62275 0.71068 0.67684 8 0.46651 0.58201 0.54393 0.62741 0.59190 0.55840 0.40388 0.36061 9 10 0.64461 0.61391 0.42410 0.38554 0.50835 0.32197 Ca. 553.280 b. 550413 OC. 554290 Cd. 548.609