The Present Value of $5,000 Per Year for Three Years $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

True/False

The present value of $5,000 per year for three years at 12% compounded annually is $12,009.(PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$