What is the present value of $12,500 to be received 10 years from today? - 4046

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UoPExpert

UoPExpert

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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? A