Use the Present Value and Future Value Tables Included in Appendix

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
- The present value of $2,500 to be received in 4 years when interest is 12 percent compounded quarterly is computed by discounting at

A) 12 percent for 4 periods
B) 6 percent for 8 periods
C) 4 percent for 12 periods
D) 3 percent for 16 periods