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Wendy offers an investment product that delivers 15 equal annual payments of $20,000 each, starting in 10 years. The discount rate is 4% per year.

image text in transcribed Wendy offers an investment product that delivers 15 equal annual payments of $20,000 each, starting in 10 years. The discount rate is 4% per year. What is the fair value today for the investment? About $156,000 About $176,000 About $222,000 About $242,000

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