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 6%
Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest 6% 0.636 Year Year 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 5 0.747 0.621 0.567 Below is a table for the present value of an annuity of 81 at compound interest 6% 10% 1296 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 4.212 3.791 3.605 Using the tables above, what would be the present value of $59,000 (rounded to the nearest dollar) to be received three years from today, assuming an earnings rate o 6%7 O. 574,010 Ob. $59.000 Oc5157,707 Od, s
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