Question: NEED HELP ASAP Having trouble figuring this one out. just need help with answers and solution. What is the present value of $9,500 recieved 15

NEED HELP ASAP Having trouble figuring this one out. just need help with answers and solution.
What is the present value of $9,500 recieved 15 years from now, if the appropriate discount is 12%?
A) $874.82
B) $1,278.44
C) $1,735.61
D) $2,785.46

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!