Question $7$ Incorrect Mark $0\mathrm{.}00$ out of $6\mathrm{.}67,$ P Flag question eBook Print

Present Value Computation

You are scheduled to be paid $$12,000$ in $4$ years. What amount today is equivalent to the $$12,000$ to be received in $4$ years assuming interest is compounded annually at $6\%?$

Use Excel or a financial calculator for computation. Round your answer to nearest dollard

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