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#20) The government has imposed a fine on JJs Place. The fine calls for annual,...

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Finance

#20) The government has imposed a fine on JJs Place. The fine calls for annual, end-of-year payments of $60,000, $70,000, $75,000, and $50,000, respectively, over the next four years. The first payment is due one year from today. The government plans to invest the funds until the final payment is collected and then donate the entire amount, including the investment earnings, to help the local community shelter. The government will earn 5.5 percent on the funds held. How much will the community shelter receive five years from today? $292,753 $277,491 $263,758 $328,572 $283,250

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