Compute the present value of the investment

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Reference no: EM131200453

An investment pays $6000 at the end of the first year, $4000 at the end of the second year, and $2000 at the end of the third year. Compute the present value of the investment if a 10% rate-of-return is required.

a) $8333

b) $9667

c) $10,300

d) $12,000

Reference no: EM131200453

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