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You Want to Purchase a Security That Will Pay You

Question 83

Multiple Choice

You want to purchase a security that will pay you $1,000 seven years from now.If you want to earn an annual nominal rate of 6.5 percent,how much should you pay for this investment today?


A) $627.41
B) $630.17
C) $641.41
D) $643.51
E) $662.01

Correct Answer:

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