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6. You are offered a real estate investment with a schedule that shows the following returns at the end of each year. At the end

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6. You are offered a real estate investment with a schedule that shows the following returns at the end of each year. At the end of year 1, $15,000; year 2, $17,000; year 3, $14,000; year 4, $0; and year 5, $110,000. You want to earn 11 percent on such an investment. What would you be willing to pay for it? (10 points)

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