Following is a table for the present value of $1 at compound interest:
Following is a table for the present value of an annuity of $1 at compound interest:
-Using the tables provided, the present value of $8,000 to be received 1 year from today, assuming an earnings rate of 12%, is
A) $7,544
B) $7,120
C) $7,272
D) $7,144
Correct Answer:
Verified
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