Question: 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

  1. 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 $30,000 to be received three years from today, assuming an earnings rate of 6%?

    a.$26,700

    b.$25,200

    c.$80,190

    d.$23,760

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