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How Much Must Be Invested Now to Receive $10,000 for 15

Question 55

Multiple Choice

How much must be invested now to receive $10,000 for 15 years if the first $10,000 is received today and the rate is 9%? How much must be invested now to receive $10,000 for 15 years if the first $10,000 is received today and the rate is 9%? A) $80,607 B) $87,862 C) $150,000 D) $73,125


A) $80,607
B) $87,862
C) $150,000
D) $73,125

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