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Question(s) / Instruction(s):

The rate of earnings is 10% and the cash to be received in two year is $10,000. Determine the present value amount, using the following partial table of present value of $1 at compound interest.

Year       6%          10%        12%

1              .943        .909        .893

2              .890        .826        .797

3              .840        .751        .712

4              .792        .683        .636

A.            $8,900

B.            $9,090

C.            $7,970

D.            $8,260

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