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(2 Points) Suppose you have one million dollars and a local businessman want to have your investment, offering repeated payments of $100,000 at the end

(2 Points) Suppose you have one million dollars and a local businessman want to have your investment, offering repeated payments of $100,000 at the end of each year for 12 years. If the bank deposit has a 8% annual interest rate compounded annually, and suppose the businessman could keep the promise, should you make the investment? (Hint: compute PV for the investment.)

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