Multiple Choice
Present Value Given a 5 percent interest rate,compute the present value of deposits made in years 1,2,3,and 4 of $1,000,$1,400,$1,400,and $1,500.
A) $4,360.32
B) $4,665.65
C) $5,047.62
D) $5,305.00
Correct Answer:
Verified
Correct Answer:
Verified
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