Drew receives an inheritance that pays him $48,000 every three months for the next two...
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Accounting
Drew receives an inheritance that pays him $48,000 every three months for the next two years. Which of the following is closest to the present value (PV) of this inheritance if the interest rate is 8.6% (EAR)?
A. $420,425
B. $384,000
C. $350,354
D.280,283
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