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Multiple choices 42/50 @KIZSPY2023
Answer (Choose 1 answer)
A. $167.884
B. $132,455
C. $234,000
D. $110,721
(20621) Present value of an annuity: Herm Mueller has invested in a fund that will provide him a cash flow of $11,700 for the next 20 years. If his opportunity cost is 8.5 percent, what is the present value of this cash flow stream? (Round to the nearest dollar.)
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