Multiple Choice
Your friend has invited you to participate in his latest business venture.You expect to receive $10,000 a year for the next 10 years, starting one year from now.If interest rates are 7% the amount you would be willing to invest would be closest to?
A) $48,684
B) $50,834
C) $70,000
D) $70,235
Correct Answer:
Verified
Correct Answer:
Verified
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