Question
Drew receives an inheritance that pays him $50,000 every three months for the next two years. Which of the following is closest to the present
Drew receives an inheritance that pays him $50,000 every three months for the next two years. Which of the following is closest to the present value (PV) of this inheritance lithe interest rate is 8.5% (EAR)?
A) $400,000
B) $365,322
C) S364,309
D) $354,223
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
