Business, 25.12.2019 02:31, PoPFli21

Drew receives an inheritance that pays him $50,000 every three months for the next two years. which of the following is closest to the present value (pv) of this inheritance if the interest rate is 8.5% (ear)?

a) $400,000
b) $365,322
c) $364,309
d) $354,223

Answers: 3

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Drew receives an inheritance that pays him $50,000 every three months for the next two years. which...