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If you invest in project Terra, the firm will pay you $550 per year for 60 years. If the going interest rate for this type
If you invest in project Terra, the firm will pay you $550 per year for 60 years. If the going interest rate for this type of investment is 3%, per year, how much are you willing to pay today for this investment?
If you invest in project Terra, the firm will pay you $550 per year for 60 years. If the going interest rate for this type of investment is 3%, per year, how much are you willing to pay today for this investment?
$89,679.39
$33,000.00
$19.87
$15,221.56
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