Below is a table for the present value of 1 at Compound inte

Below is a table for the present value of $1 at Compound interest.

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

Using the tables above, what would be the present value of $19,640 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%?

a.$19,640

b.$62,259

c.$15,555

d.$13,414

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
5	0.747	0.621	0.567

Calculate present value :

Present value = 19640*0.683 = $13414

So answer is d) $13414

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

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