Multiple Choice
Present Value Given a 6 percent interest rate,compute the present value of deposits made in years 1,2,3,and 4 of $1,200,$1,400,$1,400,and $1,500.
A) $4,356.52
B) $4,741.68
C) $5,188.68
D) $5,506.00
Correct Answer:
Verified
Correct Answer:
Verified
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