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, 2016. You are eager to earn 3%. What is the present value of the investment on January 1, 2013?
A) $28,286.
B) $25,886.
C) $26,662.
D) $27,300.
Correct Answer:
Verified
Correct Answer:
Verified
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