Multiple Choice
You are due to receive a lump-sum payment of $1,650 in five years.Assuming a discount rate of 3.5 percent interest, what would be the value of the payment in Year 3?
A) $1,488.21
B) $1,540.29
C) $1594.20
D) $1,389.26
E) $1,296.89
Correct Answer:
Verified
Correct Answer:
Verified
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