Question: The present value of $16,000 (rounded to the nearest dollar) to be received two years from today, assuming an earnings rate of 12%, is: a.

The present value of $16,000 (rounded to the nearest dollar) to be received two years from today, assuming an earnings rate of 12%, is:
a. $12,755
b. $14,080
c. $14,286
d. $12,160

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