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What is the highest price you should pay for a financial asset that pays you $20,000 in 12 years if the alternative use of the
What is the highest price you should pay for a financial asset that pays you $20,000 in 12 years if the alternative use of the funds is a savings account that earns 4% annual compound interest? O $12.000 O $11,137 O $12,492 $13,158 Suppose you already have $2,000 saved in an account that earns 3.6% annual interest, compounded quarterly. If your goal is to have $5,000 in the account in 3 years, you would have to deposit $ today to add to the $2,000 to achieve your goal
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