If the Single Amount of $12,500 Is to Be Received

question 171

Multiple Choice

If the single amount of $12,500 is to be received in 2 years and discounted at 11%, its present value is

• A) $11,363.75.
• B) $10,145.25.
• C) $11,261.25.
• D) $10,330.63.

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