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14. How much should you be willing to pay today if you would like to earn an annual nominal rate of 4.23% on an investment

14. How much should you be willing to pay today if you would like to earn an annual nominal rate of 4.23% on an investment that will pay you $20,000 seven years from today? A. $14,825.23 B. $14,965.85 C. $14,965.14 O D. $27,728.78

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