Sonata Corporation will receive $30,000 today (January 1, 2014), and also on each January 1st for the next five years (2015 – 2019). What is the present value of the six $30,000 receipts, assuming a 12% interest rate?
| $123,342. |
| $138,143. |
| $272,670. |
|
$243,456 |
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