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Mathematics, 11.07.2019 17:10 hiji0206

Ben sold his small online business for $100,000. the purchaser will pay him $20,000 today, then $20,000 every year for the next four years. assume
that ben could invest a lump-sum payment today in an account yielding an interest rate of 4% annually. find the total present value of all five
payments
a.
$87,096
b
$88,384
c. $92,598
d. $93,964

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