Your Local Travel Agent Is Advertising an Extravagant Global Vacation

question 140

Multiple Choice

Your local travel agent is advertising an extravagant global vacation. The package deal requires that you pay $5,000 today, $15,000 one year from today, and a final payment of $25,000 on the day
You leave two years from today. What is the cost of this vacation in today's dollars if the discount
Rate is 6%?

• A) $39,057.41
• B) $41,400.85
• C) $43,082.39
• D) $44,414.14
• E) $46,518.00

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Definitions:

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Depression

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