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What would you pay today for an investment that makes ten annual payments of $2,500 and an additional lump sum payment of $10,000 at the
What would you pay today for an investment that makes ten annual payments of $2,500 and an additional lump sum payment of $10,000 at the end of the tenth year if the interest rate is 8% compounded semi-annually?
a) $19,778.17 b) $20,854.82 c) $21,218.68 d) $22,309.39 e) $22,979.25
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