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The company that you work for is close to paying off a small fleet of delivery trucks that were purchased 3 years ago. The balance
The company that you work for is close to paying off a small fleet of delivery trucks that were purchased 3 years ago. The balance due 1 year from today is $50,000. If your company can earn 3 percent interest in a risk-free asset today, how much money is necessary to invest in the risk-free asset to pay off the truck? a. $51,546.39 b. $51,500.00 c. $50,000.00 d. $48,543.69
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