Below Is a Table for the Present Value of $1

question 60

Multiple Choice

Below is a table for the present value of $1 at Compound interest. Below is a table for the present value of an annuity of $1 at compound interest.
Using the tables above, what would be the present value of $15,000 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%?

• A) $11,250
• B) $10,245
• C) $3,750
• D) $47,550

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