Multiple Choice
What is the present value of an investment that pays $10,000 every year at year-end for the next five years and $15,000 every year at year-end for years six through 10? The annual rate of interest for the investment is 9%.
A) $125,000.00
B) $97,250.00
C) $135,173.00
D) $76,827.50
Correct Answer:
Verified
Correct Answer:
Verified
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