Multiple Choice
If the opportunity cost rate is 8% and is compounded annually, what is the present value of $8,200 due to be received in 12 years? Use the equation method to determine the present value.
A) $3,068
B) $3,254
C) $3,552
D) $3,688
E) $3,854
Correct Answer:
Verified
Correct Answer:
Verified
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