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Using the following table, what is the present value of $10,000 to be received at the end of each of the next two years at
Using the following table, what is the present value of $10,000 to be received at the end of each of the next two years at 10% compound interest per period?
Present Value of an Annuity of $1 at Compound Interest
| Periods | 5% | 10% |
| 1 | 0.95238 | 0.90909 |
| 2 | 1.85941 | 1.73554 |
| 3 | 2.72325 | 2.48685 |
| 4 | 3.54595 | 3.16987 |
| 5 | 4.32948 | 3.79079 |
| 6 | 5.07569 | 4.35526 |
| 7 | 5.78637 | 4.86842 |
| 8 | 6.46321 | 5.33493 |
| 9 | 7.10782 | 5.75902 |
| 10 | 7.72173 | 6.14457 |
A) $19,090.94
B) $17,355.40
C) $17,729.75
D) $12,000.00
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