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3) You decided to start a business renting scooters during the summer. You will invest $3200 today to buy 40 scooters. You expect to rent
3) You decided to start a business renting scooters during the summer. You will invest $3200 today to buy 40 scooters. You expect to rent all 40 scooters on Friday afternoon for $7.50 each for twelve weeks beginning one week from today. There are no costs associated with your business other than buying the scooter. What is the NPV of your business at a discount rate of 6% APR with weekly compounding? A. $3573 B. $3486 C. $373 D. $286
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