Compute the present value of $3,000 paid in four years using the following discount rates: 3% in year 1, 4% in year 2, 5% in year 3, and 6% in year 4.
A) $1,998.73
B) $2,109.14
C) $2,491.28
D) $2,516.26

Question

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The Answer of Compute the present value of $3,000 paid in four years using the following discount rates: 3% in year 1, 4% in year 2, 5% in year 3, and 6% in year 4.
A) $1,998.73
B) $2,109.14
C) $2,491.28
D) $2,516.26

Compute the Present Value of $3,000 Paid in Four Years