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A seller offers a security that is guaranteed to pay $110 every week for the...

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Accounting

A seller offers a security that is guaranteed to pay $110 every week for the next 8 years, with the first payment one week from now. How much are you willing to pay for this security now if the APR is11%(useat least 4 decimals)? For simplicity's sake, assume there are 52 weeks in a year; and that compounding is annual.
Group of answer choices
$24,259
$30,411
$30,347
$28,854
$19,855

Answer & Explanation Solved by verified expert
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