Jorge is considering an investment that will pay $4,650 a year for five years, starting one year from today.What is the maximum amount he should pay for this investment if he desires a rate of return of 9.0 percent?
A) $17,736.81
B) $18,566.10
C) $15,064.70
D) $18,086.88
E) $20,859.52
Correct Answer:
Verified
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