[Solved] Use the Following to Answer Questions

Question 25
Multiple Choice

Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:
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-On January 1,2016,you are considering making an investment that will pay three annual payments of $10,000.The first payment is not expected until December 31,2018.You are eager to earn 3%.What is the present value of the investment on January 1,2016?

A)$26,662.
B)$27,462.
C)$28,286.
D)$29,135.

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