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(Ignore Income Taxes in This Problem

Question 13

Multiple Choice

(Ignore income taxes in this problem.) In order to receive $12,000 at the end of three years and $10,000 at the end of five years,how much must be invested now if you can earn 14% rate of return?


A) $12,978
B) $8,100
C) $13,290
D) $32,054

Correct Answer:

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