What is the present value​ (PV) of an investment that pays $80,000 every year for four years if the interest rate is 6​% ​APR, compounded​ quarterly?   A. $331,614

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the present value​ (PV) of an investment that pays
$80,000
every year for four years if the interest rate is
6​%
​APR, compounded​ quarterly?
 
A.
$331,614
 
B.
$276,345
 
C.
$359,248
 
D.
303, 979
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