Multiple Choice
Your company just sold a product with the following payment plan: $50,000 today,$25,000 next year,and $10,000 the following year.If your firm places the payments into an account earning 10% per year,how much money will be in the account after collecting the last payment?
A) $99,000
B) $98,000
C) $88,500
D) $85,000
Correct Answer:
Verified
Correct Answer:
Verified
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