Multiple Choice
The present value of $1,000 received at the end of year 1, $1,200 received at the end of year 2, and $1,300 received at the end of year 3, assuming an opportunity cost of 7 percent, is ________.
A) $2,500
B) $3,044
C) $6,516
D) $2,856
Correct Answer:
Verified
Correct Answer:
Verified
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