Question: Sharon Walsh has developed an educational software package. She agrees to sell the patent to Pensca for four annual payments of $50,000 each. The

Sharon Walsh has developed an educational software package. She agrees to sell the patent to Pensca for four annual payments

Sharon Walsh has developed an educational software package. She agrees to sell the patent to Pensca for four annual payments of $50,000 each. The payments are to begin three years from today. Given an annual rate of 6%, what is the approximate present value of the four payments? Select one: a. $145,468 O b. $276,143 O c. $154,197 d. $231,855 e. $300,726

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