Oakville Trucking just signed a $5.0 million contract.The contract calls for a payment of $1.25 million today, $1.75 million one year from today, and $2.0 million two years from today.What is this contract worth today at a discount rate of 7.25 percent?
A) $4,923,275.74
B) $4,620,444.63
C) $3,247,628.58
D) $4.341,851.15
E) $4,342,468.17
Correct Answer:
Verified
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