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Drew receives an inheritance that pays him $49,000 every three months for the next two years. Which of the following is closest to the present

Drew receives an inheritance that pays him

$49,000

every three months for the next two years. Which of the following is closest to the present value (PV) of this inheritance if the interest rate is

8.8%

(EAR)?

$285,545

$356,932

$392,000

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