Multiple Choice
Mary will receive $12,000 per year for the next ten years as royalty for her work on a finance book.What is the present value of her royalty income if the opportunity cost is 12 percent? (Round to the nearest whole dollar)
A) $120,114
B) $67,803
C) $65,640
D) $56,793
Correct Answer:
Verified
Correct Answer:
Verified
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