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QUESTION 14 You have a savings account that earns 5% interest, compounded annually. A friend has offered you an investment opportunity to say that you
QUESTION 14 You have a savings account that earns 5% interest, compounded annually. A friend has offered you an investment opportunity to say that you invest in his new business, he will pay you $46,000 a year for the next five years. What is the maximum amount you would be willing to invest in your friend's business? O* $177,756 OD $199.157 O $218.500 Od $219,047
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