BUSN 5200 F2 2022: Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent?
Posted: December 22nd, 2022
Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent?
$120,000
$ 67,800
$ 38,640
none of these
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