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Drew receives an inheritance that pays him $55,000 every three months for the next two years. Which of the following is closest to the present
Drew receives an inheritance that pays him $55,000 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 8.9% (EAR)? O A. $400,234 OB. $320,187 O C. $480,281 OD. $440,000
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