Question: What is the answer to the question below? Time valuePersonal Finance ProblemJim Nance has been offered an investment that will pay him $500 three years

What is the answer to the question below?

Time valuePersonal Finance ProblemJim Nance has been offered an investment that will pay him $500 three years from today.

If his opportunity cost is 7% compounded annually, what value should he place on this opportunity today?

a.The value Jim should place on this opportunity today is $

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