Multiple Choice
Garretson Corporation will receive £15,000 today (January 1, 2017) , and also on each January 1st for the next five years (2018 - 2022) . What is the present value of the six £15,000 receipts, assuming a 12% interest rate?
A) £61,671
B) £69,072
C) £121,728
D) £136,335
Correct Answer:
Verified
Correct Answer:
Verified
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