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(Ignore Income Taxes in This Problem

Question 11

Multiple Choice

(Ignore income taxes in this problem.) A company wants to have $40,000 at the end of a five-year period through investment of a single sum now.How much needs to be invested in order to have the desired sum in five years,if the money can be invested at 10%:


A) $10,551
B) $8,000
C) $24,840
D) $12,882

Correct Answer:

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