Suppose You Receive $3,000 a Year in Years One Through

question 121

Multiple Choice

Suppose you receive $3,000 a year in years one through four, $4,000 a year in years five through nine, and $2,000 in year 10, with all the money to be received at the end of the year.If your discount rate is 12%, what is the present value of these cash flows?

• A)18,926.12
• B)19,560.80
• C)20,651.24
• D)24,175.00

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