What is the present value of $11,463 to be received 7 years from today
What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of
3.5% compounded annually and round to the nearest $1.
A) $7,210 B) $5,790 C) $6,508 D) $9,010
ANSWER
D
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