Problemmary will receive 12000 per year for the next ten, Ask an Expert

Finance

Problem:

Mary will receive $12,000 per year for the next ten years as royaty for her work on a finance book.

Required:

Question: What is the present value of her royalty income if the opportunity cost is 12 percent?

Select one:

a. $120,000

b. $67,800

c. $38,640

d. $85,985

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162222

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