What amount of cash would mary be willing to accept today

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Question - Mary is considering an investment under which she would receive $50,000 in cash at the end of  each Year from Year I through Year V (total of $250,000.00) and a further $50,000 at the end of Year 10.

In evaluating all investment decisions, Mary utilizes a Required Rate of Return of 5%.

Required - What amount of cash would Mary be willing to accept today as an alternative to waiting to receive the monies as referenced above?

Reference no: EM133113335

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