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Quesadas Pharmacy in Greenville is considering an investment opportunity that will pay it $4,650 a year for five years, starting one year from today. Assuming
Quesadas Pharmacy in Greenville is considering an investment opportunity that will pay it $4,650 a year for five years, starting one year from today. Assuming that humanity survives the alien robot invasion of late 2020, what is the maximum amount Quesadas Pharmacy should pay for this investment if it desires a rate of return of 9%?
(a) $17,736.81;
(b) $18,566.10;
(c) $15,064.70;
(d) $18,086.88; or
(e) $20,859.52.
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