What sum of money should be invested today so that 5 annual


What sum of money should be invested today so that 5 annual payments of $1,000 commencing in 3 years can be paid? Use j1 = 6%.

(A) $3,536.78
(B) $3,748.99
(C) $4,212.36
(D) $4,504.66
(E) $4,733.01

 

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