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26. You can buy an investment that pays $20,000 per year (at the end of each year) for the next 20 years. If you require

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26. You can buy an investment that pays $20,000 per year (at the end of each year) for the next 20 years. If you require a return of 15% (compounded annually) on this investment, how much would you pay for it today? In other words, what is the value of the investment today

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