Question: Using the following table, what is the present value of $54,900 to be received in six years, if the market rate is 7% compounded annually

Using the following table, what is the present value of $54,900 to be received in six years, if the market rate is 7% compounded annually Round to the nearest whole number Periods 79 104 1 0.95238 0.93458 2 0.90703 0.94340 0.89000 0.83962 0.87344 0.81630 0.90909 0.82545 0.75132 0.68301 3 0.86384 4 0.82270 5 0.78353 0.79209 0.74726 0.70496 0.66506 0.62741 0.74622 0.76290 0.71299 0.66634 0.62275 0.58201 0.62092 0.56447 7 0.51316 0.71068 0.67684 8 0.46651 0.54393 0.42410 0.64451 0.61391 0.59190 0.55840 10 0.50825 0.38554

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