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Assume That You Have the Opportunity to Receive $5,000 at the End

Question 37

Multiple Choice

Assume that you have the opportunity to receive $5,000 at the end of each of the next five years.Given an interest rate of 6%,how much would you be willing to pay for this investment today?


A) $22,326
B) $21,062
C) $19,587
D) $3,736

Correct Answer:

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