Suppose You Receive $3,000 a Year in Years One Through

Multiple Choice

Suppose you receive $3,000 a year in years one through four, $4,000 a year in years five through nine, and $2,000 in year 10, with all the money to be received at the end of the year.If your discount rate is 12%, what is the present value of these cash flows?

A) 18,926.12
B) 19,560.80
C) 20,651.24
D) 24,175.00