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You will receive a payment, which is 1.5 times the present value of this payment. If the discount rate is 7% every year, which year

You will receive a payment, which is 1.5 times the present value of this payment. If the discount rate is 7% every year, which year will you receive this payment?

A. 4 years

B. 5 years

C. 6 years

D. 7 years

E. none of the above

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