Question: Astrid makes an investment with a zero net present value. She pays $700 today, and receives $400 one year from today, no money two years

Astrid makes an investment with a zero net present value. She pays $700 today, and receives $400 one year from today, no money two years from today, and _____ three years from today. There are no other cash flows, and her effective annual interest rate is 8%.

Select one:

a. $400

b. $385

c. $415

d. $370

e. $355

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