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Assume the interest rate is 7 % p.a. compounded annually. The payment at the end of year 3 that is equivalent to $30,000 payable

Assume the interest rate is 7% p.a. compounded annually. The payment at the end of year 3 that is equivalent A. $17,460.27 B. $28,032.22 C. $31,003.98 D. $15,332.32 E. $21,382.65

Assume the interest rate is 7 % p.a. compounded annually. The payment at the end of year 3 that is equivalent to $30,000 payable in 11 years is: A. $17,460.27 B. $28,032.22 C. $31,003.98 D. $15,332.32 E. $21,382.65

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