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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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