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using financial calculator Your roommate has decided to start a cat grooming business and you are her first investor! You have agreed to invest $500

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using financial calculator

Your roommate has decided to start a cat grooming business and you are her first investor! You have agreed to invest $500 today and an additional $500 next year. You expect to receive $300 per year for 6 years beginning two years from today. If you assume a discount rate of 5%, what is the expected NPV of your investment? A) $405 B) $474 C) $547 D) $1023

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