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2. What Price are you willing to pay for an investment that promises to pay you $8,000 per year for ten years starting now if
2. What Price are you willing to pay for an investment that promises to pay you $8,000 per year for ten years starting now if your required rate of return is7%? In addition, this investment will also make a one-time payment to you in year 12 for $6,000.
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