You Are Paid to Teach Classes for the University and Wonder

question 57

Multiple Choice

You are paid to teach classes for the university and wonder how much money the university makes from your graduate-level classes.Based on historical data,you determine that your summer classes for the next seven years will generate an average annual revenue of $93,850.If you discount these cash flows at an annual rate of 8.30%,what is the present value of the expected cash flows?

• A)$656,950.00
• B)$845,133.52
• C)$483,644.36
• D)$523,786.85

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