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? Use a financial calculator to determine the amount.?
A. ?$23,089
B. ?$25,526
C. ?$26,888
D. ?$28,685
E. ?$30,534
Answer: A
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