Determine the value of the lump-sum payment

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Question - If you had to amortize a payment stream of $1000 per year for the next 30 years into a single, lump-sum payment, determine the value of the lump-sum payment at an annualized discount rate of 5%?

a) $28,000

b) $12,500

c) $15,500

d) $7,600

Reference no: EM133060053

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