Multiple Choice
If $8000 is invested in a certain business at the start of the year, the investor will receive $2400 at the end of each of the next four years. What is the present value of this business opportunity if the interest rate is 6% per year?
A) $158.13
B) $316.25
C) $379.50
D) $506.00
Correct Answer:
Verified
Correct Answer:
Verified
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