Question: 6 Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826

6 Below is a table for the present value of $1 at Compound interest.

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
5	0.747	0.621	0.567

Below is a table for the present value of an annuity of $1 at compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	1.833	1.736	1.690
3	2.673	2.487	2.402
4	3.465	3.170	3.037
5	4.212	3.791	3.605

Using the tables above, what would be the present value of $34,000 (rounded to the nearest dollar) to be received 3 years from today, assuming an earnings rate of 6%?

a.$28,560

b.$42,650

c.$90,882

d.$34,000

The rate of earnings is 6% and the cash to be received in 4 years is $41,775. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points).

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

a.$33,085.80

b.$26,568.90

c.$28,532.33

d.$35,091.00

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