Given a 4 Percent Interest Rate, Compute the Present Value

question 150

Multiple Choice

Given a 4 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,200, and $1,400.

• A) $4,103.06
• B) $4,334.53
• C) $4,615.38
• D) $4,804.00

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