What is the present value of $12,500 to be received 10 years - 1427

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Request Description

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

Solution Description

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