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2. You are considering an investment which pays you $300,000.00 eight years from now (nothing in between). Currently, similar risk investments are earning 8.5% compounded

2. You are considering an investment which pays you $300,000.00 eight years from now (nothing in between). Currently, similar risk investments are earning 8.5% compounded twice per year. What should you pay for the investment now? Show algebraic work, and confirm using the spreadsheet finance function.

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