Using the Following Partial Table of Present Value of $1

question 74

Multiple Choice

Using the following partial table of present value of $1 at compound interest, determine the present value of $50,000 to be received 3 years hence with earnings at the rate of 12% a year:

• A)$37,550
• B)$31,800
• C)$35,600
• D)$39,850

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