Question

If the market interest rate is 4​%, then the value today of an investment that promisses...

If the market interest rate is

4​%,

then the value today of an investment that promisses to pay

$1,300

per year at the end of each of the next

19

years is closest​ to:

A.

$23,904

B.

$10,244

C.

$17,074

D.

$20,489

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