Multiple Choice
A single amount of $5,000 is to be received in 3 years.If the single amount is discounted at 6% for 3 periods,the present value is ________.The present value of one for 3 periods at 6% is 0.84.The present value of an ordinary annuity of one for 3 periods at 6% is 2.673.
A) $4,200.
B) $4,450.
C) $5,000.
D) $13,365.
Correct Answer:
Verified
Correct Answer:
Verified
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