if the interest rate is 3% and a total of $4,370.91 will be paid to you at the end of 3 years, what is the present value of that sum? a. $3,900.00, b. $3,947.00, c. $3,977.40, d. $4,000.00
(See answer below)
a. $3,900.00 is the present value of that sum.
(See complete conversation and new answers below)
There are no new answers.