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16. A company is considering an investment that will return $20,000 semiannuall at the end of each semiannual period for 4 years. If the company

16. A company is considering an investment that will return $20,000 semiannuall at the end of each semiannual period for 4 years. If the company requires an annual return of 10%, what is the maximum amount it is willing to pay for this investment?

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