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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
Your company just sold a product with the following payment plan: $50,000 today, $25,000 next year, and $10,000 the following year. If your firm places the payments into an account earning 10% per year, how much money will be in the account after collecting the last payment?
A) $85,000
B) $98,000
C) $99,000
D) $88,500
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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FatherHyenaFatherHyena
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7 years ago
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stranahan Author
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#2
7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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