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Carol Thomas will pay out $24,000 at the end of the year 2, $26.000 at the end of year 3, and receive $28.000 at the
Carol Thomas will pay out $24,000 at the end of the year 2, $26.000 at the end of year 3, and receive $28.000 at the end of year 4. With an interest rate of 12 percent, what is the net value of the payments vs. receipts in today's dollars? Multiple Choice O $23,040) (537640) (555.448) $19.8323 Mike Carison will receive $28.000 a year from the end of the third year to the end of the 19'' year (17 payments) The discount rate is 8%. The present value today of this deferred annuity is Multiple Choice $228,530 $200.168 5203.362 $210,092
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