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What is the value of the $10,000 three years from now

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Columbus Clinic expects to receive $10,000 five years from now. If the clinic's cost of capital is 12% per year, what is the value of the $10,000 three years from now (to the nearest dollar)?

A. $14,049

B. $7,972

C. $5,917

D. None of the above

 

Reference no: EM13340692

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