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Which of the following best expresses the payment a lender receives for lending his or her money for four years? a. PV(1+1)+ b. PV/(1+1)4

Which of the following best expresses the payment a lender receives for lending his or her money for four years? a. PV(1+1)+ b. PV/(1+1)4 c. 4PV d. none of the above.

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