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Morgan Dexpects to Receive $200 Per Month for 10 Years and and $250

Question 47

Multiple Choice

Morgan D.expects to receive $200 per month for 10 years and $250 per month for the next 10 years.What is the present value of this 20-year cash flow? Use a 10% discount rate,assuming monthly compounding.


A) $22,122.59
B) $34,052.02
C) $54,000.00
D) $15,134.23

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