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If you wish to receive an income of $12,500 at the end of each year for next 10 years, how much you have to invest

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If you wish to receive an income of $12,500 at the end of each year for next 10 years, how much you have to invest today if the investment provides 7% annual compounded retum? Select one: Q a. None of the above is correct b. 87,795 c. 24,590 d. 6,354 e. 172,700

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