(Ignore Income Taxes in This Problem

question 6

Multiple Choice

(Ignore income taxes in this problem.) In order to receive $12,000 at the end of three years and $10,000 at the end of five years,how much must be invested now if you can earn 14% rate of return?

• A) $12,978
• B) $8,100
• C) $13,290
• D) $32,054