A Single Amount of $4700 Is to Be Received in 3

Multiple Choice

A single amount of $4700 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 $1 for 3 periods at 6% is 0.840.The present value of an ordinary annuity of $1 for 3 periods at 6% is 2.673.(Round your final answer to the nearest dollar. )

A) $3948
B) $4418
C) $4700
D) $12,563