Below is a table for the present value of $1 at Compound interest. Year 6%...
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Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 0.909 0.943 0.893 0.826 0.890 0.797 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Below is a table for the present value of an annuity of $1 at compound interest. 6% Year 10% 12% 0.943 0.909 0.893 1.833 1.736 1.690 2.673 2.487 2.402 3.465 3.170 3.037 4 3.791 4.212 3.605 Using the tables above, what is the present value of $8,762.00 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%? Oa. $21,046 Ob. $26,610 O c. $8,762 d. $31,587
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