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An investment offers the following: a series of $1000 annual payments, starting one year from now, for a total of 12 payments. If your opportunity

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An investment offers the following: a series of $1000 annual payments, starting one year from now, for a total of 12 payments. If your opportunity cost (as an EAR) is 5%, what is the investment worth to you today? $11,079.20 $9,214.56 $10,103.26 $8,863.25 $10.241.19

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