Below Is a Table for the Present Value of $1

question 122

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 is the present value of $6,000 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 10%?

• A) $20,790
• B) $19,020
• C) $14,412
• D) $25,272

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