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How much would pay for the investment

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Reference no: EM132636270

Problem 1: You found an investment that pays $1,000 a year for 15 years. How much would you pay for this investment if you require 8 percent return on your investment?

Select one:

a. 8,559.48

b. 104,640.59

c. 8,874.72

d. 315.24

Reference no: EM132636270

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