What is the present value of $10,000 to be received in 5 years, assuming a discount rate of 10%?A) $6,210B) $6,810C) $7,580D) $8,100

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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What is the present value of $10,000 to be received in 5 years, assuming a discount rate of 10%?
A) $6,210
B) $6,810
C) $7,580
D) $8,100 

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