What Is the Present Value of $2,800 to Be Received

question 109

Multiple Choice

What is the present value of $2,800 to be received three years from now if the discount rate is 9.5%?

• A) $2,114.48
• B) $2,132.63
• C) $2,361.48
• D) $2,734.54
• E) $3,676.21

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