What is the present value of an investment that pays $10 000 every year at year-end for the next five years and $15 000 every year at year-end for years 6 through 10? The annual rate of interest for the investment is 9%.
A) $125 000.00
B) $97 250.00
C) $135 173.00
D) $76 827.50
Correct Answer:
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