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How much would you pay today for an investment offering a lump sum of $16,500 in ten years if you hoped to earn a return

How much would you pay today for an investment offering a lump sum of $16,500 in ten years if you hoped to earn a return of 8 percent?

a.

$ 7,697.37

b.

$ 7,642.69

c.

$ 6,361.46

d.

$ 8,914.44

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