A wealthy woman just died and left her pet cats the following estate: $50,000 per year for the next fifteen years, with the first cash flow today. At a discount rate of 3.2%, what is the feline estate worth in today’s dollars? a) $588,352.84 b) $607,180.14 c) $750,000.00 d) $774,000.00

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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43) A wealthy woman just died and left her pet cats the following estate: $50,000 per year for the next fifteen years, with the first cash flow today. At a discount rate of 3.2%, what is the feline estate worth in today’s dollars? a) $588,352.84 b) $607,180.14 c) $750,000.00 d) $774,000.00
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