How much is the trust fund payment worth for alfred

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Problem 1: Alfred will receive a payment 9 years from now totaling $10,500. Based on a discount rate of 9.5%, how much is the trust fund payment worth in today's dollars?

Group of answer choices

Option 1: $4,630.60

Option 2: $4,639.40

Option 3: $23,763.83

Option 4: $1,166.67

Reference no: EM133009905

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