NEED HELP PLEASE!!!!<\/p>
<\/p>
An individual wins a lawsuit against a corporation.The ruling states that the individual is to receive $1,000 each year for 60 years.Payments are to be made at the beginning of each respective year.The annual interest rate is assumed to be constant at 5% over this period (with discounting taking place once a year).The discounted present value of these payments to two decimal places is:<\/p>
<\/p>
a.$19,723.87<\/p>
b.None of the other answers provided<\/p>
c.$19,875.75<\/p>
d.$19,819.54<\/p>
e.$19,675.58<\/p>
f.$19,789.56<\/p>", "transcribed_text": "", "related_book": { "title": "Managerial Accounting", "isbn": "9789813155497, 73379581, 9813155493, 978-0073379586", "edition": "2010 Edition", "authors": "John J. Wild, Ken W. Shaw", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/115.jpg", "uri": "\/textbooks\/managerial-accounting-2010-edition-115", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8814161345", "uri": "\/textbooks\/artificial-intelligence-machine-learning-and-deep-learning-for-novices-to-professionals-1st-edition-979-8814161345-191485", "name": "Artificial Intelligence Machine Learning And Deep Learning For Novices To Professionals", "edition": "1st Edition" }, "question_posted": "2024-06-13 20:37:43", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/currently-a-put-contract-with-an-exercise-price-of-5", "description": "Currently a put contract with an exercise price of $5 on a share of Mily be Aerospaces common stock is selling for (that is, its premium is) $1. 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