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An investor expects to receive $10,600 at the end of three (3) years. If he expects to earn 6%, compounded annually, what is the present

An investor expects to receive $10,600 at the end of three (3) years. If he expects to earn 6%, compounded annually, what is the present value or amount that should be paid for the investment today?

Question 3 options:

A) $8,900

B) $10,000

C) $11,250

D) $12,400

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