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You are offered the opportunity to put some money away for retirement. You will receive 7 annual payments of $32,000 each beginning in 22 years.

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You are offered the opportunity to put some money away for retirement. You will receive 7 annual payments of $32,000 each beginning in 22 years. How much would you be willing to invest today if you desire an interest rate of 14 percent? $8.758.58 $192,066,29 $215,774.22 $7,682.97

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