Your local travel agent is advertising an extravagant global vacation.The package deal requires that you pay £5,000 today,£15,000 one year from today,and a final payment of £25,000 on the day you leave two years from today.What is the cost of this vacation in today's pounds if the discount rate is 6%?
A) £39,057.41
B) £41,400.85
C) £43,082.39
D) £44,414.14
E) £46,518.00
Correct Answer:
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