Given a 6 Percent Interest Rate, Compute the Present Value

question 4

Multiple Choice

Given a 6 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,500.

• A) $4,356.52
• B) $4,741.68
• C) $5,188.68
• D) $5,506.00

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