Multiple Choice
Find the present value of $10,000 due in 3 years at the rate of interest 2%/year compounded quarterly. Round your answers to two decimal places.
A) The present value is $9,213.91.
B) The present value is $9,394.05.
C) The present value is $9,293.84.
D) The present value is $9,518.42.
E) The present value is $9,419.05.
Correct Answer:
Verified
Correct Answer:
Verified
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