Using the tables above, what would be present value of $10,000 (rounded to nearest dollar) to be received 2 years from today, supposing an earnings rate of 6%?
Below is the table for 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 |
| 5 |
.747 |
.621 |
.567 |
Below is a table for present value of an annuity of $1 at compound interest.
| Year |
6% |
10% |
12% |
| 1 |
.943 |
.909 |
.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
|