In Order to Receive $12,000 at the End of Three

Multiple Choice

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? (Ignore income taxes.) Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. (Round your intermediate calculations to 3 decimal places.) Garrison 16e Rechecks 2017-12-15

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