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You will receive $50,000 in five years from now as an performance incentive bonus. The business paying that amount then is going to fund that

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You will receive $50,000 in five years from now as an performance incentive bonus. The business paying that amount then is going to fund that planned payment now. How much does the business need to invest now to meet that bonus payment, if it can earn 7% compounded annually? $35,534 $32,500 $34,469 $35,649 $31,137

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