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  3. consider a lump sum of $9,000 to be received 10 ye

Consider a lump sum of $9,000 to be received 10 years from now (t=10). What...

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Accounting

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Consider a lump sum of $9,000 to be received 10 years from now (t=10). What is its present value today at an expected return of 6% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)

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