4. Calculate the present value of the investment described in the table. Compounding Rate of Compound Interest per Year 5.6% Period annually a. $2107.25 b. $5128.21 Time 3 years c. d. $6793.57 $9420.67 Future Value $8000

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4. Calculate the present value of the investment described in the table.
Rate of Compound
Interest per Year
5.6%
a. $2107.25
b. $5128.21
Compounding
Period
annually
Time
3 years
c.
d.
$6793.57
$9420.67
Future Value
$8000
Transcribed Image Text:4. Calculate the present value of the investment described in the table. Rate of Compound Interest per Year 5.6% a. $2107.25 b. $5128.21 Compounding Period annually Time 3 years c. d. $6793.57 $9420.67 Future Value $8000
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