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Business, 13.03.2020 18:46 valeriegarcia12
Drew receives an inheritance that pays him $54,000 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)?
a. $314,366
b. $471,549
c. $392,957
d. $432,000
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Answers: 3
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Drew receives an inheritance that pays him $54,000 every three months for the next two years. Which...
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