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Use these present value tables to answer the question that follow. Below is a table...

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Accounting

Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at compound interest.

Year6%10%12%10.9430.9090.89320.8900.8260.79730.8400.7510.71240.7920.6830.63650.7470.6210.567

Below is a table for the present value of an annuity of $1 at compound interest.

Year6%10%12%10.9430.9090.89321.8331.7361.69032.6732.4872.40243.465 3.1703.03754.2123.7913.605

Using the tables above, what would be the present value of $8,000 to be received one year from today, assuming an earnings rate of 12%?

a. $7,144

b. $7,120

c. $7,544

d. $7,272

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