Jason's opportunity cost rate is 8 percent compounded annually. How much must he deposit in an account today if he wants to receive $5,400 at the end of each of the next 10 years? Use a financial calculator to determine the amount to be deposited today.?
A. ?$32,625
B. ?$34,852
C. ?$36,234
D. ?$38,996
E. ?$40,252
Answer: C
Business
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