Multiple Choice
What is the price today of an investment that will pay the single sum of $20 000 after three and a half years if the discount rate is 7.64% per annum,compounded annually?
A) $2743.37
B) $15 456.89
C) $15 780.00
D) $16 036.48
Correct Answer:
Verified
Correct Answer:
Verified
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