Friday 8 June 2012

What is the present value of $12,500 to be received 10 years from today?

What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10.
a.$5,790
b.$11,574
c.$9,210
d.$17,010
 

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