Compute the present value of $4,000 paid in five years using the following discount rates: 10% in year 1, 2% in year 2, 12% in year 3, and 9% in years 4 and 5.
A) $2,679.15
B) $2,206.81
C) $2,317.03
D) $2,362.19
Correct Answer:
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