Using an 8% rate, the present value today of receiving payments of 500, 600, and 700 at year 1, year 2, and year 3 respectively is closest to which amount?

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Multiple Choice

Using an 8% rate, the present value today of receiving payments of 500, 600, and 700 at year 1, year 2, and year 3 respectively is closest to which amount?

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