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 is the present value of $3,000 (rounded to the nearest dollar) to be received at the end of each of the next four years, assuming an earnings rate of 12%?
A) $10,815
B) $7,206
C) $9,111
D) $1,908
Correct Answer:
Verified
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