The rate of earnings is 10% and the cash to be received in four years is $42,936.00. Determine the present value amount, using the following partial table of 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 |