Use these present value tables to answer the questions that follow.
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 $25,000 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%?
A) $19,800
B) $17,075
C) $79,250
D) $15,525
Correct Answer:
Verified
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