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The rate of earnings is 6% and the cash to be received in 4 years...

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Accounting

The rate of earnings is 6% and the cash to be received in 4 years is $61,989. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points).

Year 6% 10% 12%
1 0.943 0.909 0.893
2 0.890 0.826 0.797
3 0.840 0.751 0.712
4 0.792 0.683 0.636

a.$52,070.76

b.$49,095.29

c.$39,425.00

d.$42,338.49

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