Question: quick response needed Using the following partial table of present value of $1 at compound interest, compute the present value of $20,000 (rounded to nearest
Using the following partial table of present value of $1 at compound interest, compute the present value of $20,000 (rounded to nearest dollar) to be received one year from today, assuming an earnings rate of 15% Year 10% 15% 1 0.909 20% 0.833 0.870 0.756 0.826 2 3 0.694 0.658 0.579 0.751 0.683 0.621 0.482 0.572 0.497 0.432 0.376 0.564 0.402 0.335 0.279 7 0.513 a. 515.451 D. $20,000 OC. $17,000 d. 517400
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