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Lisa Carson Has the Opportunity to Receive $12,000 Now or $15,000

Question 33

Multiple Choice

Lisa Carson has the opportunity to receive $12,000 now or $15,000 in four years.If Lisa can earn 6 percent on her investments,what is the present value of the $15,000 payment?


A) $15,000
B) $13,785
C) $11,881
D) $9,505

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