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What amount should you invest now if you want to receive payments of $3000 at the end of each year for 10 years with
What amount should you invest now if you want to receive payments of $3000 at the end of each year for 10 years with the receipt of the first payment 3 years from now? Assume that the money earns 5% compounded annually. Section 11.1 a. $23,165.20 b. $21,011.52 c. $20,010.97 d. $24,839.39
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