Multiple Choice
On January 1, 2013, you are considering making an investment that will pay three annual payments of $10,000. The first payment is not expected until December 31, 2015. You are eager to earn 3%. What is the present value of the investment on January 1, 2013?
A) $26,662.
B) $27,462.
C) $28,286.
D) $29,135.
Correct Answer:
Verified
Correct Answer:
Verified
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