What is the present value of these cash flows

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Reference no: EM13947078

Herm Mueller has invested in a fund that will provide him a cash flow of $11,700 at the end of each of the next 20 years. If the interest rate is 8.5 percent, what is the present value of these cash flows?

A. $110,721 B. $132,455 C. $167,884 D. $234,000

Reference no: EM13947078

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