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An investor receives $250,000 at the end of each of the next 5 years

Finance

An investor receives $250,000 at the end of each of the next 5 years. What is the present value of her investment, given that the interest rate is 5%?

 

$1,082,369.17

 

$1,250,000

 

$979,407.71

 

$1,332,369.17

 

$1,000,000

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