A Single Amount of $6,400 Is to Be Received in 4

question 6

Multiple Choice

A single amount of $6,400 is to be received in 4 years.If the single amount is discounted at 8% for 4 periods,the present value is ________.The present value of $1 for 4 periods at 8% is 0.735.The present value of an ordinary annuity of $1 for 4 periods at 8% is 3.312.(Round your final answer to the nearest dollar. )

• A)$4,704
• B)$5,376
• C)$6,400
• D)$21,197