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What is the present value or amount that should be paid

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Problem 1: An investor expects to receive $10,600 at the end of three (3) years. If he expects to earn 6%, compounded annually, what is the present value or amount that should be paid for the investment today?

Group of answer choices

option 1: $8,900

option 2: $10,000

option 3: $11,250

option 4: $12,400

Reference no: EM132811867

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