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You are going to inherit euro200000 fifteen years from


You are going to inherit €200,000 fifteen years from today. However, you need funds today. If the discount rate associated with that cash flow is 16% then what is the smallest amount that would you be willing to accept today in order to forgo the receipt of the cash in fifteen years?

A) €200,000.00

B) €152,000.00

C) €21,585.40

D) €18,608.11

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Finance Basics: You are going to inherit euro200000 fifteen years from
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