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Moonlight Industries Just Signed a Sales Contract with a New

Question 26

Multiple Choice

Moonlight Industries just signed a sales contract with a new customer.JK will receive annual payments in the amount of $50,000, $96,000, $123,000, and $138,000 at the end of Years 1 to 4, respectively.What is this contract worth at the end of Year 4 if the firm earns 3.75 percent on its savings?


A) $ 443,571.88
B) $ 348,457.72
C) $ 431,417.66
D) $ 412,264.53
E) $ 424,786.07

Correct Answer:

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