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Coronado Industries will receive $36000 today (January 1, 2020), and also on each January 1st for the next five years (2021-2025). What is the present

Coronado Industries will receive $36000 today (January 1, 2020), and also on each January 1st for the next five years (2021-2025). What is the present value of the six $36000 receipts, assuming a 11% interest rate?

a) $284863 b) $316198 c) $152299 d) $169052

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