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7. How much would you pay today for an investment offering a lump sum of $7,500 in fourteen years if you hoped to earn a

7. How much would you pay today for an investment offering a lump sum of $7,500 in fourteen years if you hoped to earn a return of 12 percent? a. $1,197.82. b. $1,534.65. c. $1,556.69. d. $1325.06

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