The present value of $1,000 received at the end of year 1, $1,200 received at the end of year 2, and$1,300 received at the end of year 3, assuming an opportunity cost of 7 percent, is________ .
A) $2,500
B) $6,516
C) $2,856
D) $3,043

Question

Quizplus · Accepted Answer

The Answer of The present value of $1,000 received at the end of year 1, $1,200 received at the end of year 2, and$1,300 received at the end of year 3, assuming an opportunity cost of 7 percent, is________ .
A) $2,500
B) $6,516
C) $2,856
D) $3,043

The Present Value of $1,000 Received at the End of Year