ANSWER
B. $14,167
AMOUNT OF INVESTMENT @ END OF 10 YEARS = AMOUNT TO BE PAID NOW * FUTURE VALUE OF 12% COMPOUNDED ANUALLY
$44,000 = AMOUNT TO BE PAID NOW * 3.1058
AMOUNT TO BE PAID NOW = $44,000 / 3.1058
= $14,167
Help Save & Eut Submit 1 An investment product promises to pay $44,000 at the end...
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