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If the market interest rate is 4%, then the value today of an investment that promisses to pay $1,300 per year at the end of
If the market interest rate is
4%,
then the value today of an investment that promisses to pay
$1,300
per year at the end of each of the next
19
years is closest to:
A.
$23,904
B.
$10,244
C.
$17,074
D.
$20,489
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