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Use This Information to Answer the Following Question

Question 6

Multiple Choice

Use this information to answer the following question. Use this information to answer the following question. What is the present value of receiving $800 at the end of each year for three years,assuming an APR of 7 percent? A) $652.80 B) $1,952.40 C) $2,099.20 D) $2,244.00 What is the present value of receiving $800 at the end of each year for three years,assuming an APR of 7 percent?


A) $652.80
B) $1,952.40
C) $2,099.20
D) $2,244.00

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