If Lucy earns a 11 percent after tax rate of return, $17,000 received in four years...

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Answer 1

Answer #1

Correct answer--------------$11,203

Working

Cash received four years from now	$ 17,000.00
Multiplied by: PV factor @11%	0.659
Present value of cash received	$ 11,203.00

The present value of 17000 received today is $11,203

Answer 2

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