The rate of earnings is 6% and the cash to be received in 4 years is $62,180. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points).

The rate of earnings is 6% and the cash to be received in 4 years is $62,180. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points). ears is $62,180. The present value amoun Year 2 3 6% 0.943 0.890 0.840 0.792 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636 $39,546.48 $42,468.94 $52,231.20 $49,246.56