Present Value Given a 4 Percent Interest Rate,compute the Present

Multiple Choice

Present Value Given a 4 percent interest rate,compute the present value of deposits made in years 1,2,3,and 4 of $1,000,$1,200,$1,200,and $1,400.

A) $4,103.06
B) $4,334.53
C) $4,615.38
D) $4,804.00