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A seller offers a security that is guaranteed to pay $100 every week for the next 10 years, with the first payment one week from
A seller offers a security that is guaranteed to pay $100 every week for the next 10 years, with the first payment one week from now. How much are you willing to pay for this security now if the APR is 13% (use at least 4 decimals)?
A. $29,081
B. $28,114
C. $1,461,933
D. $40,000
E. $51,292
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