If Terry graduates from college in 3 years from now, he will recieve a $10,000 cash gift from his father. Suppose Terry requires an annual return of 10%, what is the present value of the cash gift for him?

If Terry graduates from college in 3 years from now, he will receive a $10,000 cash gift from his father. Suppose Terry requires an annual return of 10%, what is the present value of the cash gift for him? A) $8,396.19 B) $7,513.15 C) $9,505.12 D) $8,000.97