You are due to receive a lump-sum payment of $2,350 in seven years.Assuming a discount rate of 2.5 percent interest, what would be the value of the payment in Year 4?
A)$1,976.97
B)$2,182.21
C)$2,128.98
D)$2,236.76
E)$2,292.68

Question

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The Answer of You are due to receive a lump-sum payment of $2,350 in seven years.Assuming a discount rate of 2.5 percent interest, what would be the value of the payment in Year 4?
A)$1,976.97
B)$2,182.21
C)$2,128.98
D)$2,236.76
E)$2,292.68

You Are Due to Receive a Lump-Sum Payment of $2,350