A Single Amount of $4700 Is to Be Received in 3

question 29

Multiple Choice

A single amount of $4700 is to be received in 3 years.If the single amount is discounted at 6% for 3 periods,the present value is ________.The present value of $1 for 3 periods at 6% is 0.840.The present value of an ordinary annuity of $1 for 3 periods at 6% is 2.673.(Round your final answer to the nearest dollar. )

• A)$3948
• B)$4418
• C)$4700
• D)$12,563

Ensure workbook compatibility across different versions of Excel.

Utilize Excel's filtering and lookup functions for data analysis.

Techniques for making Excel tables accessible and printable.

Employ Excel formulas and functions for data manipulation and retrieval.