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Carol Thomas will pay out $12,000 at the end of the year 2, $14,000 at the end of year 3, and receive $16,000 at the
Carol Thomas will pay out $12,000 at the end of the year 2, $14,000 at the end of year 3, and receive $16,000 at the end of year 4. With an interest rate of 10 percent, what is the net value of the payments vs. receipts in today's dollars? Multiple Choice ($12,712) ($20,426) ($31,354)($9,498)
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