kzahhhh2358 kzahhhh2358

08-03-2024
Business

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Suppose that you are promised a total of $5000 in 3 years from now. The annual interest rate is 8%. What is this approximately in present value terms today?
a) $4629.63
b) $4032.26
c) $3969.16
d) $1543.21

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