Multiple Choice
A project has a life of ten years starting today. What is the present value today of a $1,000 annuity that begins at the end of the third year and continues until the end of the tenth year, given a 12% discount rate.
A) $4,811
B) $3,248
C) $4,734
D) $5,650
E) $3,960
Correct Answer:
Verified
Correct Answer:
Verified
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