You just signed a consulting contract that will pay you $38,000, $42,000, and $45,000 annually at the end of the next three years, respectively. What is the present value of this contract given a discount rate of 10.5?
A) $102,138.76
B) $108,307.67
C) $112,860.33
D) $92,433.27
E) $96,422.15
Correct Answer:
Verified
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