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Posted on Jul 14, 2024

How much must you invest today to be able to make 12 annual payments of $10 million if the first payment occurs in then years

How much must you invest today to be able to make 12 annual payments of $10 million if the first payment occurs in then years and you can earn 6.5% on your money?

A. $40,810,943

B. $41,135,112

C. $46,288,791

D. $43,463,654

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