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Assume that the costs of pursuing a three-year certificate are $9000 in the 1st year,...

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Accounting

Assume that the costs of pursuing a three-year certificate are $9000 in the 1st year, $10000 in the 2nd year and $11000 in the 3rd year. Assuming a discount rate of 4%, what is the Present Value of the total cost?
30000
$31200
27430.00
$28785.50

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