Question: I expect to receive an income of $1,259.71 at the end of 3 years from now. If the discount rate is 8.00% what is the

  1. I expect to receive an income of $1,259.71 at the end of 3 years from now. If the discount rate is 8.00% what is the present value of this income?

    A.

    $1,586.87
    B.

    $1,259.71
    C.

    $1,000.00
    D.

    None of the above

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