Multiple Choice
A firm will have constant profits of $100,000 per year for the next four years,and the interest rate is 6 percent.Assuming these profits are realized at the end of each year,what is the present value of these future profits?
A) $325,816
B) $376,741
C) $400,000
D) $346,511
Correct Answer:
Verified
Correct Answer:
Verified
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