Question: K How much should you be willing to pay for a lump sum of $16,000 7 years from now if you can earn 2%

K How much should you be willing to pay for a lump sum of $16,000 7 years from now if you can earn 2% every

K How much should you be willing to pay for a lump sum of $16,000 7 years from now if you can earn 2% every six months on other similar investments? GOOD The amount you should be willing to pay, PV, is $. (Round to the nearest cent.)

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