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10.) Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $1,150 at the end of
10.) Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $1,150 at the end of each month for the next 24 years. You believe that a reasonable return on your investment should be an annual rate of 12.00 percent compounded monthly. (a) How much should you pay for the investment? (b) What will be the total sum of cash that you will receive over the next 24 years? (c) What do we call the difference between (a) and (b)
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