The present worth of this series

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Reference no: EM131597182

A cash flow series is described by the following: $10,000 + $250(t), where t (the number of compounding periods) ranges from 0 to 5. The present worth of this series at the end of the 5 periods, where interest is 2% per t, is nearest what value?

A) $50,620

B) $60,620

C) $56,432

D) $11,250

Reference no: EM131597182

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