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If you owed a $40,000 bill to be paid at the end of 7 years. What amount should your creditor accept in payment immediately if

If you owed a $40,000 bill to be paid at the end of 7 years. What amount should your creditor accept in payment immediately if he/she could earn 12% on their money?

a. $16,870

b. $17,967

c. $18,080

d. $19,051

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