What is the value today of receiving $3,000 at the end of each year for the next three years, assuming an interest rate of 3% compounded annually? (Use appropriate factor(s) from Table 1, FV of $1; Table 2, PV of $1; Table 3, FVA of $1; and Table 4, PVA of $1 contained within a separate file.)
A. $8,251.
B. $9,000.
C. $8,486.
D. $9,273.
Answer: C
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