Cora Company Will Receive $10,000 a Year for 5 Years

question 13

Multiple Choice

Cora Company will receive $10,000 a year for 5 years, with all receipts at yearend. What is the present value of this annuity using a 10% discount rate?

• A)$35,000
• B)$37,908
• C)$40,000
• D)$41,699

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