Question: Given a present value factor of 0.8548, assuming a 4% discount rate, the present value of $14000 payment received in 4 years is $2992. $11967.

Given a present value factor of 0.8548, assuming a 4% discount rate, the present value of $14000 payment received in 4 years is

$2992.

$11967.

$16378.

none of these answer choices are correct.

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