Multiple Choice
Sarah is thinking about purchasing an investment from HiBond Investing.If she buys the investment, Sarah will receive $100 every three months for five years.The first $100 payment will be made as soon as she purchases the investment.If Sarah's required rate of return is 16 percent, to the nearest dollar, how much should she be willing to pay for this investment?
A) $1,359
B) $1,413
C) $1,112
D) $1,519
E) $1,310
Correct Answer:
Verified
Correct Answer:
Verified
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