Question: Question 8 : What is the present value of $ 4 8 , 0 0 0 first receivable in 3 years time and thereafter each

Question 8:
What is the present value of $48,000 first receivable in 3 years time and thereafter each year, for a total of 7 years (to the nearest $100)?
The cost of capital is 10%.
$193,100
$175,600
$157,100
$211,600
Question 8: What is the present value of $48,000 first receivable

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