What is difference in present value-discount rate

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Reference no: EM131056818

You are scheduled to receive annual payments of $3600 for each of the next 12 years. The discount rate is 8%. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?

A) $ 2,170.39

B) $ 2,511.07

C) $ 2,021.18

D) $ 2,027.94

E) $ 2,304.96

Reference no: EM131056818

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