What is the present value of 1500 received for 24 months in


What is the present value of $1,500 received for 24 months in arrears, followed by $1,200 received for 36 months in arrears, if the annual discount rate appropriate is 9.25%?

a. $62,261

b. $13,984

c. $15,764

d. $64,022

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Financial Management: What is the present value of 1500 received for 24 months in
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