Multiple Choice
Wilt has a consulting contract that calls for annual payments of $50,000 a year for five years with the first payment due today.What is the current value of this contract if the discount rate is 8.4 percent?
A) $214,142.50
B) $201,867.47
C) $195,618.19
D) $197,548.43
E) $224,267.10
Correct Answer:
Verified
Correct Answer:
Verified
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