Multiple Choice
Among its other assets, your company owns a note receivable from a customer. The terms of the note entitle your company to receive a $50,000 cash payment at the end of each of the next three years. Assuming a market rate of interest of 8%, what is the approximate economic value of your company's note receivable?
A) $150,000
B) $62,986
C) $138,889
D) $128,855
Correct Answer:
Verified
Correct Answer:
Verified
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