Multiple Choice
Your company just sold a product with the following payment plan: $40,000 today,$35,000 next year,and $30,000 the following year.If your firm places the payments into an account earning 6% per year,how much money will be in the account after collecting the last payment?
A) $118,767
B) $112,044
C) $94,074
D) $85,000
Correct Answer:
Verified
Correct Answer:
Verified
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