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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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