JJ & Co has decided to donate money to a cancer research fund every year for the next 25 years.They will make annual payments of $3.5 million.What is the present value of their donation if the current market rate is 7.5%?
A) $87.5 million
B) $14.3 million
C) $33.33 million
D) $46.7 million
E) $39.0 million
Correct Answer:
Verified
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