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A Business Promises to Pay the Investor of $2 000

Question 3

Multiple Choice

A business promises to pay the investor of $2 000 today with a payment of $500 in one year's time, $1 000 in two years' time and $1 000 in three years' time. What is the net present value of this business opportunity if the interest rate is 5% per year?


A) $247.06
B) $256.88
C) $253.78
D) $261.07

Correct Answer:

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