Lora Corporation will receive $10,000 a year at the end of each of the next five years. Using a discount rate of 14%, the present value of the receipts can be stated as ________
A) PV = $10,000 (Ordinary Annuity FV factor, i = 14%, n = 5 )
B) PV = $10,000 (PV factor, i = 14%, n = 5 )
C) PV = $10,000 (Ordinary Annuity PV factor, i = 14%, n = 5 )
D) PV = $10,000 (FV factor, i = 14%, n = 5 )
C
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