Multiple Choice
An investment pays $1,000 per year for the first four years and $2,000 per year for six years following.If the required rate of return is 8 percent compounded annually,how much is this investment worth?
A) $12,557.89
B) $10,108.04
C) $9,604.64
D) $9,138.52
Correct Answer:
Verified
Correct Answer:
Verified
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