Multiple Choice
Compute the present value of $9,000 paid in four years using the following discount rates: 4 percent in year 1, 5 percent in year 2, 4 percent in year 3, and 3 percent in year 4.
A) $7,693.95
B) $8,543.26
C) $9,000.00
D) $10,823.01
Correct Answer:
Verified
Correct Answer:
Verified
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