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Swifty Corporation will receive $31000 today (January 1, 2020), and also on each January 1st for the next five years (2021 - 2025). What is

Swifty Corporation will receive $31000 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 $31000 receipts, assuming a 11% interest rate?

$145573.

$272281.

$245299.

$131147.

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