Amy just got an inheritance and wants to invest some of the money today so that she will get $5,000 at the end of each of the next 10 years. Assuming an interest rate of 5% compounded annually, how much does she have to invest today? (Rounded to the nearest dollar.)Group of answer choices$47,500$45,125$50,000$38,608

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To solve this question well use the concept of the present value of an annuity An annuity is a serie... View the full answer