If $10,000 is invested in a certain business at the start of the year,the investor will receive $3000 at the end of each of the next four years.What is the net present value (NPV) of this business opportunity if the interest rate is 7% per year?
A) $148.53
B) $161.63
C) $172.45
D) $178.88
E) $183.43
Correct Answer:
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