Compute the Present Value of $46,000,invested for Six Years at 8

Multiple Choice

Compute the present value of $46,000,invested for six years at 8%. Present value of $1:
$$\begin{array} { | l | l | l | l | l | l | } \hline & 5 \% & 6 \% & 7 \% & 8 \% & 9 \% \\\hline 3 & 0.864 & 0.840 & 0.816 & 0.794 & 0.772 \\\hline 4 & 0.823 & 0.792 & 0.763 & 0.735 & 0.708 \\\hline 5 & 0.784 & 0.747 & 0.713 & 0.681 & 0.650 \\\hline 6 & 0.746 & 0.705 & 0.666 & 0.630 & 0.596 \\\hline 7 & 0.711 & 0.665 & 0.623 & 0.583 & 0.547 \\\hline\end{array}$$

A) $36,647
B) $25,300
C) $32,660
D) $28,980