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 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 b. $276,143 c. $154,197 d. $231,855 O e. $300,726

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