The present value of $4,000 at the end of two years at 7% interest is (if using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round your final answer to the nearest dollar) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) OA. $4,000 OB. $3,228. OC. $3,492 OD. $7,232 CETED

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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The present value of $4,000 at the end of two years at 7% interest is (if using present value tables, use factor amounts rounded to three decimal places, XXXX. Round your final answer to the
nearest dollar)
(Click the icon to view Present Value of $1 table.)
(Click the icon to view Present Value of Ordinary Annuity of $1 table.)
A. $4,000.
OB. $3,228.
OC. $3,492
OD. $7,232
Transcribed Image Text:The present value of $4,000 at the end of two years at 7% interest is (if using present value tables, use factor amounts rounded to three decimal places, XXXX. Round your final answer to the nearest dollar) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) A. $4,000. OB. $3,228. OC. $3,492 OD. $7,232
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