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D. Any of the answers can represent an annuity. What amount of cash must be invested today in order to have $60,000 at the end

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D. Any of the answers can represent an annuity. What amount of cash must be invested today in order to have $60,000 at the end of one year assuming the rate of return is 9%? (Do not round your PV factors.) A. $54,600.00 B. $45,454.56 C. $55,045.88 D. $54,000.00 III

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