question archive What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3

What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3

Subject:FinancePrice:2.87 Bought7

What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3.5% compounded annually and round to the nearest $1.

A) $5,790

B) $6,508

C) $7,210

D) $9,010

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