You are offered an investment that will make three payments. The first payment of $8,000 will occur four years from today. The second of $7,000 will occur in five years, and the third of $6,000 will follow in seven years. If you can earn 11 percent, what is the most this investment is worth today?

A. $12,163.96

B. $12,313.96

C. $14,776.75

D. $12,463.96

Answer rating: 100% (QA)

The detailed answer for the above question is provi... View the full answer