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What is the present value of the six receipts

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Question - Swifty Corporation will receive $31000 today (January 1, 2020), and also on each January 1st for the next five years (2021 - 2025). What is the present value of the six $31000 receipts, assuming a 11% interest rate?

a. $145573.

b. $272281.

c. $245299.

d. $131147.

Reference no: EM132614919

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