Using the Following Partial Table of Present Value of $1

question 18

Multiple Choice

Using the following partial table of present value of $1 at compound interest,determine the present value of $35,000 to be received three years hence,with earnings at the rate of 10% a year.

• A)$26,285
• B)$29,400
• C)$24,920
• D)$23,905

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