sarachristene69761 sarachristene69761

25-05-2023
Business

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You deposited a lump sum of money 10 years ago. With i = 8%, you are receiving lump-sum annual payments of $15k, and will receive these forever. How much money did you deposit way back when?

a. 187,500

b. 150,000

c. 84,250

d. 86,850

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