Question: Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. Year

Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 0.792 0.683 0.636 0.747 0.621 0.567 WN Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 0.943 0.909 0.893 1.833 1.736 1.690 2.673 2.487 2.402 3.465 3.170 3.037 4.212 3.791 3.605 Using the tables above, what is the present value of $12,383.00 (rounded to the nearest dollar) to be received at the end of each of the next four years, assuming an earnings rate of 12%? un WN a. $44,641 b. $37,607 c. $12,383 d. $29,744

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