What is the PV of the following payment stream, discounted at 9% annually: $2,800 at the end of year 1, $3,800 at the end of year 2, and $4,800 at the end of year 3?
a. $9,473.67
b. $9,694.67
c. $9,764.17
d. 9,688.42
Ans: a. $9,473.67
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