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A bank is offering to pay you $ 1 0 0 0 at the beginning of each month for the next 1 0 years. The

A bank is offering to pay you $1000 at the beginning of each month for the next 10 years. The interest rate is 6% compounded monthly. How much would you pay to buy this investment?
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$7,360.09
$90,073.45
$7,801.69
$90,523.82

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