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If $8,000 is invested in a certain business at the start of the year, the investor will receive $2,400 at the end of each of

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If $8,000 is invested in a certain business at the start of the year, the investor will receive $2,400 at the end of each of the next four years. What is the present value of this business opportunity if the interest rate is 6% per year? O A. $380 B. $506 C. $158 OD. $316

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