What is the present value of a payment of $5,000 at the end of one year and a second payment of $7,000 at the end of two years if the interest rate is 5 percent?
A)$10,985.14
B)$12,250.32
C)$11,111.11
D)$11,201.84

Name: What is the present value of a payment of $5,000 at the end of one year and a second payment of $7,000 at the end of two years if the interest rate is 5 percent? A)$10,985.14 B)$12,250.32 C)$11,111.11 D)$11,201.84
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The Answer is C

What Is the Present Value of a Payment of $5,000