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Sunland Company will receive $37000 today (January 1, 2020), and also on each January 1st for the next five years (2021 2025). What is the
Sunland Company will receive $37000 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 $37000 receipts, assuming a 11% interest rate?
| $156530. |
| $173748. |
| $292776. |
| $324981. |
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