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An insurance company can invest in government bonds to obtain a yield of j2 =6.93% p.a. It is considering an investment which will return $20920

An insurance company can invest in government bonds to obtain a yield of j2 =6.93% p.a. It is considering an investment which will return $20920 at the end of every year for the next 13 years, and the investment can be purchased for $200409. The net present value of this investment in dollars is: A. -26062

B. 154326

C. 26062

D. -154326

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