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(rounded to nearest dollar). Use the following table, if needed The present value of $58,000 to be received in two years, at 12% compounded annually, is Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.89286 1 0.95238 0.94340 0.93458 0.90909 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 0.82270 0.79209 0.76290 0.68301 0.63552 0.62092 5 0.78353 0.74726 0.71299 0.56743 6 0.74622 0.70496 0.66634 0.56447 0.50663 7 0.71068 0.66506 0.62275 0.51316 0.45235 8 0.67684 0.62741 0.58201 0.46651 0.40388 0.36061 9 0.64461 0.59190 0.54393 0.42410 0.55840 0.32197 10 0.61391 0.50835 0.38554 Oa. $47,934 Ob. $46,237 Oc. $51,620 d. $50,660 The present value of $62,000 to be received in one year, at 6% compounded annually, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 7% 6% 10% 12% 0.93458 0.89286 1 0.95238 0.94340 0.90909 0.79719 2 0.90703 0.89000 0.87344 0.82645 3 0.86384 0.83962 0.81630 0.75132 0.71178 0.68301 0.63552 4 0.82270 0.79209 0.76290 0.78353 5 0.74726 0.71299 0.62092 0.56743 0.74622 6 0.70496 0.66634 0.56447 0.50663 0.51316 7 0.71068 0.66506 0.62275 0.45235 0.46651 8 0.67684 0.62741 0.58201 0.40388 0.42410 0.36061 0.64461 0.59190 0.54393 0.50835 0.32197 10 0.61391 0.55840 0.38554 Oa. $57,944 Ob. $62,000 c. $55,357 O d. $58,491

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