$1,300 received at the end of year 3, assuming an opportunity cost of 7 percent, is
A. $2,500.
B. $3,043.
C. $6,516.
D. $2,856.
Answer:B
$1,300 received at the end of year 3, assuming an opportunity cost of 7 percent, is
A. $2,500. B. $3,043. C. $6,516. D. $2,856.