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You are to receive a single lump sum payment of $194,000 at the end of 5 years. What is the value of that sum
You are to receive a single lump sum payment of $194,000 at the end of 5 years. What is the value of that sum today if the opportunity cost of money is an annual interest rate of 11.7% compounded semi-annually? $98,886 $104,380 O $109.874 O $115.477 Question 6 1 pts If you deposit $10,000 into an investment that earns an average annual interest rate of 13.2% compounded quarterly, how much will you have after 5 years? $17.229 O $18,186 $19.143 O $20,119
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