2. What's the present value of $5,500 received after 3 years if the appropriate interest rate is 10%, compounded annually? " O a) $3,620 b) $9,690 O c) $1,670 O d) $4,132 e) None of the above

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 5PROB
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l touch
1:11 PM
58%
Rola
5/4/21, 12:35 PM
2. What's the present value of $5,500 received after 3 years if the
appropriate interest rate is 10%, compounded annually? *
a) $3,620
b) $9,690
c) $1,670
d) $4,132
e) None of the above
Transcribed Image Text:l touch 1:11 PM 58% Rola 5/4/21, 12:35 PM 2. What's the present value of $5,500 received after 3 years if the appropriate interest rate is 10%, compounded annually? * a) $3,620 b) $9,690 c) $1,670 d) $4,132 e) None of the above
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