Eric is considering an investment that will pay $5,000 a year for seven years,starting one year from today.How much should she pay for this investment if she wishes to earn a 13 percent rate of return?
A) $17,899.08
B) $18,023.88
C) $20,186.75
D) $22,113.05
E) $23,749.24
Correct Answer:
Verified
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