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5. You are the CEO of Elderly Friendly Nursing Home, Inc. Your nursing home has taken out a debt of $500.000 to update the skilled

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5. You are the CEO of Elderly Friendly Nursing Home, Inc. Your nursing home has taken out a debt of $500.000 to update the skilled nursing wing of the facility The debt obligation is due in Seven Years. How much money will your nursing home need to set aside today to meet the obligation at the expected vield of Nine Percent? In other words, what is the Present Value of $500,000 with a Discount Rate of 6.0% Seven Years from now? A. $802,225 B.$640,500 C.S332,529 D. $109,748 E. S948,110

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