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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