Multiple Choice
Vida has just won a jackpot that will pay her $10,000 now, $10,000 in one year, and $10,000 in 2 years. What is the present value of this jackpot at the continuously discounted rate of 9%?
A) $27,515
B) $28,345
C) $24,516
D) $27,492
Correct Answer:
Verified
Correct Answer:
Verified
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