Mary Will Receive $12,000 Per Year for the Next 10

question 16

Multiple Choice

Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book.What is the present value of her royalty income if the opportunity cost is 12 percent?

• A) $67,800
• B) $38,640
• C) $120,000
• D) none of the above

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Definitions:

Blogs

Regularly updated websites or web pages, typically run by an individual or a small group, that are written in an informal or conversational style, often focused on a specific subject.

Dynamic Content

Online or digital content that changes based on the interests, preferences, or past behavior of the viewer.

Blog

A regularly updated website or web page, typically run by an individual or small group, that is written in an informal or conversational style and focuses on a specific subject or theme.

Anonymity

The state of being anonymous, where an individual's identity is unknown or concealed.