Liam is considering putting money in an investment plan that will pay him $52,000 in 12 years. If Liam's opportunity cost rate is 7 percent compounded annually, what is the maximum amount he should be willing to pay for the investment today?
A. $23,089
B. $25,526
C. $26,888
D. $28,685
E. $30,534
Answer: A
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