Using the Following Partial Table of Present Value of $1

question 52

Multiple Choice

Using the following partial table of present value of $1 at compound interest, the present value of $15,000 to be received 3 years hence with earnings at the rate of 6% a year is

• A)$12,600
• B)$11,880
• C)$13,350
• D)$11,265

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