Calculate the Amount to Be Received at the End of Year

question 82

Multiple Choice

Calculate the amount to be received at the end of year 1 that is equivalent to $150 at the end of year 1, $450 at the end of year 2, and $300 at the end of year 3, given a discount rate of 10%.

• A)$807
• B)$817
• C)$887
• D)$975
• E)$1,331