The present value at j12 of a $10,000 payment today,followed by 32 monthly payments of $5000 is $136,335.69.What is the present value of 33 monthly payments of $2000,first payment made today,if these payments earn the same interest rate,j12?
A) $48,534.28
B) $50,534.28
C) $52,534.28
D) Cannot be determined without knowing the value of j12
Correct Answer:
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