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Jasmine is considering an investment that will pay $2,396 a year for seven years, starting one year from today. How much should she pay for

Jasmine is considering an investment that will pay

$2,396

a year for seven years, starting one year from today. How much should she pay for this investment if she wishes to earn a 13 percent rate of return?

Question content area bottom

Part 1

$24,929.56

$16,772.00

$7,129.12

$10,596.57

$11,974.13

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