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Present value of the six

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Sonata Corporation will receive $30,000 today (January 1, 2014), and also on each January 1st for the next five years (2015 - 2019). What is the present value of the six $30,000 receipts, assuming a 12% interest rate?

  • $123,342.
  • $138,143.
  • $272,670.
  • $243,456

Reference no: EM131086971

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