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Izzy pays $5500 today for a business opportunity and will receive payments of $1500 in one year's time, $3000 in two years' time, and $3000

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Izzy pays $5500 today for a business opportunity and will receive payments of $1500 in one year's time, $3000 in two years' time, and $3000 in three years' time. What is the present value of this business opportunity if the interest rate is 6% per year? O $1,224,73 O $1,103.94 O $1,201.97 O $1,123.94

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