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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
You recently won a contest sponsored by a local radio station. The radio station will pay you $2,500 at the end of each of the next 15 years. Assuming an interest rate of 3%, what is the present value of this prize?
A) $46,498
B) $28,240
C) $42,715
D) $29,845
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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8 years ago
You make an excellent tutor!
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