A single amount of $6,400 is to be received in 4 years.If the single amount is discounted at 8% for 4 periods,the present value is ________.The present value of $1 for 4 periods at 8% is 0.735.The present value of an ordinary annuity of $1 for 4 periods at 8% is 3.312.(Round your final answer to the nearest dollar. )
A) $4,704
B) $5,376
C) $6,400
D) $21,197
Correct Answer:
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