Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book.What is the present value of her royalty income if the opportunity cost is 12 percent? Assume that payments come at the end of each year.
A)$235,855
B)$67,803
C)$210,585
D)$75,939

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The Answer of Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book.What is the present value of her royalty income if the opportunity cost is 12 percent? Assume that payments come at the end of each year.
A)$235,855
B)$67,803
C)$210,585
D)$75,939

Mary Will Receive $12,000 Per Year for the Next 10