What amount of cash must be invested today in order to have $33,000 at the end of one year assuming the rate of return is 9%? (PV of $1and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest dollar.)
A) $27,775
B) $29,700
C) $30,275
D) $30,030
Correct Answer:
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