Multiple Choice
Garretson Corporation will receive $10,000 today (January 1, 2014) , and also on each January 1st for the next five years (2015 - 2019) . What is the present value of the six $10,000 receipts, assuming a 12% interest rate?
A) $41,114.
B) $46,048.
C) $81,152.
D) $90,890.
Correct Answer:
Verified
Correct Answer:
Verified
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