George is considering an investment that will pay $3,250 a year for eight 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 8.0 percent?
A) $17,736.81
B) $18,566.10
C) $16,920.70
D) $18,676.58
E) $20,302.39
Correct Answer:
Verified
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