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A wealthy woman just died and left her pet cats the following estate: $50,000 per year for the next 15 years with the first cash
A wealthy woman just died and left her pet cats the following estate: $50,000 per year for the next 15 years with the first cash flow today. At a discount rate of 3.2%, what is the feline estate worth in today's dollars?
A) $588,352.84
B) $607,180.14
C) $750,000.00
D) $774,000.00
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