What is the value today of $3,600 received at the end of each year for 7 years if the first payment is paid at the end of year 3 and the discount rate is 12 percent?
A) $11,694.21
B) $12,484.57
C) $13,097.52
D) $15,089.23
E) $16,429.52
Correct Answer:
Verified
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