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6. Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $750 at the end of

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6. Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $750 at the end of each month for the next eight years. You believe that a reasonable return on your investment should be an annual rate of 15 percent compounded monthly How much should you pay for the investment? 7. A seller sold his house for $240,000, which was 92 percent of the list price What did the house list for

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