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How much must be invested now to receive

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Question 1: How much must be invested now to receive $44000 for 12 years if the first $44000 is received today and the rate is 8%?

Periods Present Value of               Ordinary Annuity at 8%

11                                                    7.13896

12                                                  7.53608

13                                                 7.90378

Option A. $528000

Option B. $303763

Option C. $331588

Option D. $358114

Reference no: EM132593396

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