You are given the following cash flows.What is the present value (t = 0) if the discount rate is 12 percent?
R0 R1 R2,000 R2,000 R2,000 R0 -R2,000
A) R3,277
B) R4,804
C) R5,302
D) R4,289
E) R2,804
Correct Answer:
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