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You are going to receive $34,090 per year for five years. The payments will be received at the beginning of each year, with the first
You are going to receive $34,090 per year for five years. The payments will be received at the beginning of each year, with the first year's payment coming in today. If you plan to invest these amounts, immediately you receive them, in an account that pays interest rate of 8.1 percent, how much will be in your account five years from today?
Group of answer choices
$167,943.81
$138,500.00
$216,623.32
$200,391.60
$208,882.11
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