please use ba II where possible Drew receives an inheritance that pays him $53,000 every three months for the next two years. Which of the following is closest to the present value​ (PV) of this inheritance if the interest rate is 8.3​% ​(EAR​)?   A. $310,421   B. $388,027   C. $465,632   D. $424,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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please use ba II where possible

Drew receives an inheritance that pays him
$53,000
every three months for the next two years. Which of the following is closest to the present value​ (PV) of this inheritance if the interest rate is
8.3​%
​(EAR​)?
 
A.
$310,421
 
B.
$388,027
 
C.
$465,632
 
D.
$424,000
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