Question: Below is a table for the present value of $1 at Compound interest. Year 10% 6% 0.943 12% 0.893 1 0.909 2 0.890 0.826 0.797

Below is a table for the present value of $1 at

Below is a table for the present value of $1 at Compound interest. Year 10% 6% 0.943 12% 0.893 1 0.909 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 4 5 3 2.673 2.487 2.402 3.465 3.170 3,037 4.212 3.791 3.605 Using the tables above, what would be the present value of $33,000 (rounded to the nearest dollar) to be received 3 years from today, assuming an earnings rate of 6%? a. $88,209 b. $27,720 c. $41,395 d. $33,000

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