An investment promises a payoff of $995 two and one-half years from today.At a discount rate of 4.5% per year,what is the present value of this investment?
A)$914.67
B)$891.32
C)$808.44
D)There is not enough information to answer this question.

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The Answer of An investment promises a payoff of $995 two and one-half years from today.At a discount rate of 4.5% per year,what is the present value of this investment?
A)$914.67
B)$891.32
C)$808.44
D)There is not enough information to answer this question.

An Investment Promises a Payoff of $995 Two and One-Half