Description of Present Value of Money
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Ambrin Corp. expects to receive $2,000 per year for 10 years and $3,500 per year for the next 10 years. What is the present value of this 20 year cash flow. Use a 11% discount rate.
A) $19,034
B) $27,870
C) $32,389
D) none of the above
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This explains the computation of present value of money
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