The rate of earnings is 6% and the cash to be received in 4 years is $88,618. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points). Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 a. $60,526.09 Ob. $70,185.46 c. $74,439.12 Od. $56,361.05