Multiple Choice
You receive $1,000 in 1 year,$1,200 in 2 years,and $1,300 in 3 years.The present value today of these future receipts is ________ if the opportunity cost is 7 percent.
A) $2,500
B) $3,044
C) $4,036
D) $3,257
Correct Answer:
Verified
Correct Answer:
Verified
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