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The present value of $4,000 at the end of two years at 7% interest is (if using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round your final answer to the nearest dollar) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) OA. $4,000 OB. $3,228. OC. $3,492 OD. $7,232 CETED

The present value of $4,000 at the end of two years at 7% interest is (if using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round your final answer to the nearest dollar) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) OA. $4,000 OB. $3,228. OC. $3,492 OD. $7,232 CETED

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The present value of $4,000 at the end of two years at 7% interest is (if using present value tables, use factor amounts rounded to three decimal places, XXXX. Round your final answer to the nearest dollar) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) A. $4,000. OB. $3,228. OC. $3,492 OD. $7,232
Transcribed Image Text:The present value of $4,000 at the end of two years at 7% interest is (if using present value tables, use factor amounts rounded to three decimal places, XXXX. Round your final answer to the nearest dollar) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) A. $4,000. OB. $3,228. OC. $3,492 OD. $7,232
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