Problem: Compute the present value of $5,000 to be received one year from today if the interest rate is 10%, compounded annually. A) $4,545.50 B) $5,050.00 C) $4,500.00 D) $5,500.00

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Problem Details

Compute the present value of $5,000 to be received one year from today if the interest rate is 10%, compounded annually.

A) $4,545.50

B) $5,050.00

C) $4,500.00

D) $5,500.00

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