Question: plase explain answer thanks Below is a table for the present value of $1 at Compound interest. 1096 Year 696 1296 943 909 893 890

plase explain answer thanks

Below is a table for the present value of $1 at Compound interest. 1096 Year 696 1296 943 909 893 890 826 797 840 751 712 792 683 636 747 621 567 Below is a table for the present value of an annuity of $1 at compound interest. Year 696 1096 1296 943 909 893 1.833 1.736 1.690 2.487 2.402 2.673 3.465 3.170 3.037 3.605 4.212 3,791 Using the tables above, what would be the present value of $10,ooo (rounded to the nearest dollar) to be received three years from today, assuming an earnings rate of 6%? O a. $11,905 O b. $7,920 O c. $8,400 O d. $8,900

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