Find the present value of 20 quarterly payments of $3,000 each to be received over...
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Finance
Find the present value of 20 quarterly payments of $3,000 each to be received over the next five years. The stated interest rate is 5 percent per annum. Multiple choice question.
a) $61,784
b) $51,506
c) $45,989
d) $52,347
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