A wealthy woman just died and left her pet cats the following estate:$50, 000 per year for the next 15 years with the first cash flow today. At a discount rate of 3.2%, what is the feline estate worth in todays dollars?

FINANCIAL MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A wealthy woman just died and left her pet cats the following estate:$50, 000 per year for the next 15 years with the first cash flow today. At a discount rate of 3.2%, what is the feline estate worth in today’s dollars?

A	$607, 180.14
B	$601, 180.14
C	$608, 180.14
D	$774, 000.00

Explanation:

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BUISENESS MANAGEMENT

FINANCIAL MANAGEMENT