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A company is considering an investment that will return $30,000 semiannually at the end of each semiannual period for 5 years. If the company requires

A company is considering an investment that will return $30,000 semiannually at the end of each semiannual period for 5 years. If the company requires an annual return of 12%, what is the maximum amount it is willing to pay for this investment?

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