If security pays $5,000 in 20 years with 7% annual interest rate, PV o – McqOptions

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1.	If security pays $5,000 in 20 years with 7% annual interest rate, PV of security by using formula is
A.	1292.10 dollars per year
B.	1292.10 dollars
C.	0.00077 dollars per year
D.	16105.1 dollars per year
Answer» B. 1292.10 dollars

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