Answer: none is correct.
Explanation:
Given data:
2 years ago = $500
1 year ago = $300
Today = $800
Solution:
PV ( presents value )
= p * r * t
Where:
p = principal ( $500, $300, $800 )
r = rate = 4%
t = duration (time) ( 2years, 1 year and present ).
= ( $500* 2 * 0.04 ) + ( $300 * 1 * 0.04 ) + $800
= $40 + $12 + $800
= $852
PV = $500 + $300 + $852
= $1,652.
The answer is False because they didn't plan functions as a local law..this is my opinion.
