A Single Amount of $10,500 Is to Be Received in 3

Multiple Choice

A single amount of $10,500 is to be received in 3 years.If the single amount is discounted at 8% for 3 periods,the present value is ________.The present value of $1 for 3 periods at 8% is 0.794.The present value of an ordinary annuity of $1 for 3 periods at 8% is 2.577.(Round your final answer to the nearest dollar. )

A) $8,316
B) $10,500
C) $8,337
D) $27,059