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You Will Receive a Stream of $50 Payments BEGINNING at the End

Question 109

Multiple Choice

You will receive a stream of $50 payments BEGINNING at the end of year 1 until the final payment at the end of year 5.What amount will you have at the end of year 5 if you can invest all amounts at a 9% interest rate?


A) $194.48
B) $200.00
C) $228.67
D) $299.24

Correct Answer:

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