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There is an investment where you will receive $300 at the end of each year for 5 years. You will also receive an additional $1,000
There is an investment where you will receive $300 at the end of each year for 5 years. You will also receive an additional $1,000 at the end of the last (5th) year. The rate on investments with similar risk to this one is 6%. How much would you pay today for this investment? a) $2,010.97
b) $2,247.58
c) $2,500.00
d) $2,792.60
e) $3,130.82
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