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You want to purchase a security that will pay you $1,000 five years from now. If you want to earn an annual nominal rate of

You want to purchase a security that will pay you $1,000 five years from now. If you want to earn an annual nominal rate of 5.5 percent, how much should you pay for this investment today? $737.46 $741.41 $765.13 $743.51 $727.41

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