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Business, 18.02.2020 22:58 simplychan

Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $2,500 at the end of each of the next four years and a lump sum receipt of $4,000 at the end of the fifth year. The total present value of these payments if interest is at 9% is:
a. $10,699.
b. $14,000.
c. $11,468.
d. $12,100.

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