Drew receives an inheritance that pays him $50,000 every three months for the next two years. Which

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Drew receives an inheritance that pays him $50,000 every three months for the next two years. Which of the following is closest to the present value (PV) of this inheritance lithe interest rate is 8.5% (EAR)?

A) $400,000

B) $365,322

C) S364,309

D) $354,223

Related Book For answer-question

Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Posted Date: Mar 12, 2019 10:05 AM

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Drew receives an inheritance that pays him $50,000 every three months for the next two years. Which

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Fundamentals of Investments, Valuation and Management

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