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Rickos Rickos
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Posts: 1281
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6 years ago
What is the value today of an investment that pays $500 every year at year-end during the next 15 years if the annual interest rate is 9%?
A) $4,030.50
B) $7,500.00
C) $3,500.00
D) $7,000.00
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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Posts: 752
6 years ago
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Just got PERFECT on my quiz
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