Twelve years ago,you paid for the right to twelve $25,000 annual end-of-the-year cash flows.If discounting the cash flows at an annual rate of 8%,what did you pay for these cash flows back then?
A)$474,428.16
B)$300,000.00
C)$203,474.11
D)$188,401.95

Question

Quizplus · Accepted Answer

The Answer of Twelve years ago,you paid for the right to twelve $25,000 annual end-of-the-year cash flows.If discounting the cash flows at an annual rate of 8%,what did you pay for these cash flows back then?
A)$474,428.16
B)$300,000.00
C)$203,474.11
D)$188,401.95

Twelve Years Ago,you Paid for the Right to Twelve $25,000