What is the present value (PV)of an investment that will pay $400 in one year's time, and $400 every year after that, when the interest rate is 5%?
A)$7 200
B)$8 000
C)$2 400
D)$3 600

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The Answer of What is the present value (PV)of an investment that will pay $400 in one year's time, and $400 every year after that, when the interest rate is 5%?
A)$7 200
B)$8 000
C)$2 400
D)$3 600

What Is the Present Value (PV)of an Investment That Will