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Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. 10%
Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. 10% Year 1 0.909 2 0.826 3 0.751 4 0.683 5 0.621 12% 0.893 0.797 0.712 0.636 0.567 Below is a table for the present value of an annuity of $1 at compound interest. Year 10% 12% 1 0.909 0.893 2 1.736 1.690 3 2.487 2.402 4 3.170 3.037 5 3.791 3.605 Using the tables above, what is the present value of $12,024.00 (rounded to the nearest dollar) to be received at the end of each of the next four years, assuming an earnings rate of 12%? Oa. $28,882 Ob. $12,024 Oc. $43,347 Od. $36,517 6% 0.943 0.890 0.840 0.792 0.747 6% 0.943 1.833 2.673 3.465 4.212
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