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How Much Must Be Invested Now to Receive $20,000 for 15

Question 13

Multiple Choice

How much must be invested now to receive $20,000 for 15 years if the first $20,000 is received today and the rate is 9%? How much must be invested now to receive $20,000 for 15 years if the first $20,000 is received today and the rate is 9%? A) $161,214 B) $175,723 C) $300,000 D) $146,250


A) $161,214
B) $175,723
C) $300,000
D) $146,250

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