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Garretson Corporation Will Receive $15,000 Today (January 1, 2014), and Also

Question 122

Multiple Choice

Garretson Corporation will receive $15,000 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 $15,000 receipts, assuming a 12% interest rate?


A) $61,671
B) $69,072
C) $121,728
D) $136,335

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