Question: Hello, Im stuck on this question. I know the answer is B $8,477.47 but,can some please help explain how I would find the answer? Thank

Hello, Im stuck on this question. I know the answer is B $8,477.47 but,can some please help explain how I would find the answer? Thank you

Martha is going to receive $6,000 in two years from Tom. She will receive an additional $4,000 in three years from Tom. She earns 7.15% per year compounded annually on her investments. How much is this money from Tom worth to Martha today?

A)

$7,893.46

B)

$8,477.47

C)

$8,891.74

D)

$9,225.97

E)

$9,251.50

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