Using the following table, what is the present value of $12,000 to be received at the end of each of the next 2 years at 10% compound interest per period? Present Value of an Annuity of $1 at Compound Interest Periods 1 2 3 456789 10 a. $35,226.48 b. $14,400.00 O c. $20,826.48 Od. $22,908.00 5% 0.95238 1.85941 2.72325 3.54595 4.32948 5.07569 5.78637 6.46321 7.10782 7.72173 10% 0.90909 1.73554 2.48685 3.16987 3.79079 4.35526 4.86842 5.33493 5.75902 6.14457

Using the following table, what is the present value of $12,000 to be received at the end of each of the next 2 years at 10% compound interest per period? Present Value of an Annuity of $1 at Compound Interest a. $35,226.48 b. $14,400.00 c. $20,826.48 d. $22,908.00