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If $10,000 is invested in a certain business at the start of the year, the investor will receive $3,000 at the end of each of
If
$10,000
is invested in a certain business at the start of the year, the investor will receive
$3,000
at the end of each of the next four years. What is the net present value of this business opportunity if the interest rate is
7%
per year?
A.
$259
B.
$162
C.
$81
D.
$194
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