Multiple Choice
Given that the interest rate is 10% per annum,what is the present value of an investment that has 5 equal payments of $50,000 each year for 5 years,starting today?
A) $250,000
B) $25,000
C) $208,493.27
D) $158,493.27
E) $ 178,493.27
Correct Answer:

Verified
Correct Answer:
Verified
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