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James has been promised a series of payments from an investment opportunity starting in one year's time. He will receive payments of 16,000 per annum
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James has been promised a series of payments from an investment opportunity starting in one year's time. He will receive payments of 16,000 per annum for a period of five years (five payments of 16,000).
James has a required rate of return of 10%.
How much is this investment opportunity worth to him today?
60,656
97,680
66,722
123,552
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