Following is a table for the present value of $1 at compound interest: 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 ​ Following...



Following is a table for the present value of $1 at compound interest:












































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



​


Following is a table for the present value of an annuity of $1 at compound interest:












































Year



6%



10%



12%



1



0.943



0.909



0.893



2



1.833



1.736



1.690



3



2.673



2.487



2.402



4



3.465



 3.170



3.037



5



4.212



3.791



3.605



​



Using the tables provided, the present value of $3,000 (rounded to the nearest dollar) to be received at the end ofeach of the next 4 years, assuming an earnings rate of 12%, is

Group of answer choices

$1,908



$7,206



$10,815



$9,111




Jun 03, 2022
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