Mike Carlson will receive $20,000 a year from the end of the third year to...
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Accounting
Mike Carlson will receive $20,000 a year from the end of the third year to the end of the 20th year (18 payments). The discount rate is 10%. The present value today of this deferred annuity is: Use Appendix B and Appendix D to calculate the answer.
A. $147,618
B. $116,751
C. $135,481
D. $129,951
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