Following Is a Table for the Present Value of $1

question 47

Multiple Choice

Following is a table for the present value of $1 at compound interest: Following is a table for the present value of an annuity of $1 at compound interest: ​
-Using the tables provided, the present value of $3,000 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, is

• A)$10,815
• B)$7,206
• C)$9,111
• D)$1,908

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