Question: 22. You will be receiving $12,500 one year from now. What is the present value of this amount at a discount rate of 7.83 percent?

22. You will be receiving $12,500 one year from now. What is the present value of this amount at a discount rate of 7.83 percent?

A) $10,664.94

B) $9,747.41

C) $11,201.16

D) $11,592.32

E) $10,015.89

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