What is the present value of the six receipts

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Question - Bramble Corp. will receive $52000 today (January 1, 2017), and also on each January 1st for the next five years (2018 - 2022). What is the present value of the six $52000 receipts, assuming a 13% interest rate?

a. $489,042.00

b. $432,781.00

c. $207,873.00

d. $234,896.00

Reference no: EM132568206

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