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4. You are retiring and plan to buy a risk-free investment that will pay you $3,000 every 6 months for the next 20 years. If

4. You are retiring and plan to buy a risk-free investment that will pay you $3,000 every 6 months for the next 20 years. If you can earn 7.5% on your money, what should you be willing to pay for this investment?

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