Multiple Choice
The present value on January 1,2010 of 8 annual payments of $7,500 each with the first payment to be made on January 1,2011,assuming a 9% interest rate is:
A) $63,764.25
B) $41,511.14
C) $30,114.00
D) $82,713.75
Correct Answer:
Verified
Correct Answer:
Verified
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