[Solved] Use the Following to Answer Questions

Question 44
Multiple Choice

Use the following to answer questions
Present and future value tables of 1 at 9% are presented below.
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-Mustard's Inc.sold the rights to use one of its patented processes that will result in cash receipts of $2,500 at the end of each of the next four years and a lump sum receipt of $4,000 at the end of the fifth year.The total present value of these payments if interest is at 9% is:

A)$10,699.
B)$11,468.
C)$12,100.
D)$14,000.

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