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What is the cash value of $5000 if it is discounted for 5 years at 10% compounded yearly? a. $3104.61 b. $3000.61 c.

What is the cash value of

$5000

if it is discounted for 5 years at

10%

compounded yearly?\ a.

$3104.61

\ b.

$3000.61

\ c.

$3228.43

\ d.

$3143.28

\ e.

$3100.61
image text in transcribed
What is the cash value of $5000 if it is discounted for 5 years at 10% compounded yearly? a. $3104.61 b. $3000.61 c. $3228.43 d. $3143.28 e. $3100.61

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