[Solved] An Investment Product Promises to Pay $42,000 at the End

Question 45
Multiple Choice

An investment product promises to pay $42,000 at the end of 10 years.If an investor feels this investment should produce a rate of return of 12%,compounded annually,what's the most the investor should be willing to pay for the investment?

A)$ 15,146.
B)$ 13,523.
C)$ 42,000.

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