Multiple Choice
Drew receives an inheritance that pays him $50,000 every three months for the next two years.Which of the following is closest to the present value (PV) of this inheritance if the interest rate is 8.5% (EAR) ?
A) $354,223
B) $364,309
C) $365,322
D) $400,000
E) $339,782
Correct Answer:
Verified
Correct Answer:
Verified
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