Solved: Sonata corporation will receive 30000 today january 1 2014, Business Management

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Sonata corporation will receive 30000 today january 1 2014

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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Business Management: Sonata corporation will receive 30000 today january 1 2014

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Business Management: Sonata corporation will receive 30000 today january 1 2014

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