Multiple Choice
Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book.What is the present value of her royalty income if the opportunity cost is 12 percent? Assume that payments come at the end of each year.
A) $235,855
B) $67,803
C) $210,585
D) $75,939
Correct Answer:
Verified
Correct Answer:
Verified
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