What Is the Present Value of $250 Received at the Beginning

question 6

Multiple Choice

What is the present value of $250 received at the beginning of each year for 21 years? Assume that the first payment is received today. Use a discount rate of 12%, and round your answer to the nearest $10.

• A) $1,870
• B) $2,090
• C) $2,117
• D) $3,243

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