$6$

$5$ points

You are to receive $$1,500$ at the end of one year; $$1,200$ at the end of two years; $$1,300$ at the end of three years. If the interest rate is $10\%,$ the present value of these cash

flows is:

$$3,306$

$$2,878$

$$2,987$

$$4,000$

$$3,332$