Your friend wants you to invest in his new sporting goods store.For an initial investment,he will pay you $2,000 per year for the next twenty years.All payments are at the end of the year.You realize that this is a very risky investment and want a 20% return on each invested dollar.How much are you willing to loan him today for his new store?
A) $5,946
B) $9,739
C) $10,000
D) $17,027
Correct Answer:
Verified
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