BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Your company just sold a product with the following payment plan:$50, 000 today, $25, 000 next year, and $10, 000 the following year. If your firm places the payments into an account earning 10% per year, how much money will be in the account after collecting the last payment?
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$99, 000
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$98, 500
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$98, 000
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$85, 000
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Explanation:
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