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.

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% ON 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 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 0.943 1.833 2.673 3.465 4.212 0.909 1.736 2.487 3.170 3.791 0.893 1.690 2.402 3.037 3.605 Using the tables above, what would be the present value of $27,000 (rounded to the nearest dollar) to be received three years from today, assuming an earnings rate of 6%? a. $72,171 b. $33,869 c. $22,680 d. $27,000

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