If $9,000 is invested in a certain business at the start of the year, the investor will receive $2,700 at the end of each of the next four years. What is the present value of this business opportunity if the interest rate is 7% per year?

A. $73

B. $145

C. $233

D. $175

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An investment pays you $20,000 at the end of this year, and $10,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 4% per year?

A. $27,067

B. $54,134

C. $43,307

D. $64,961

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A perpetuity has a PV of $40,000. If the interest rate is 9%, how much will the perpetuity pay every year?

A. $2,880

B. $3,600

C. $2,160

D $1,800