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Using the following partial table of present value of $1 at compound interest, the present value of $31,841 to be received 3 years hence
Using the following partial table of present value of $1 at compound interest, the present value of $31,841 to be received 3 years hence with earnings at the rate of 6% a year is 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 O $26,746.44 $21,747.40 c. $20,250.00 Od. $25,210.07
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