Multiple Choice
Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12th year (10 payments) . The discount rate is 10%. The present value today of this deferred annuity is ________.
A) $61,450
B) $42,185
C) $60,909
D) $55,379
Correct Answer:
Verified
Correct Answer:
Verified
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