Kristi is considering an investment that will pay $5,000 a year for 7 years, starting one year from today. How much should she pay for this investment if she wishes to earn a 12 percent rate of return?
A) $17,899.08
B) $18,023.88
C) $20,186.75
D) $22,818.78
E) $24,507.19
Correct Answer:
Verified
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