How much should you be willing to pay today if you would like to earn an annual nominal rate of 4.23% on an investment that will pay you $20,000 seven years from today?
A)$14,225.23
B)$14,230.93
C)$14,365.85
D)$14,965.14
E)$27,728.78

Question

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The Answer of How much should you be willing to pay today if you would like to earn an annual nominal rate of 4.23% on an investment that will pay you $20,000 seven years from today?
A)$14,225.23
B)$14,230.93
C)$14,365.85
D)$14,965.14
E)$27,728.78

How Much Should You Be Willing to Pay Today If