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A contract requires end-of-month payments of $240 for another 91/4 years. What would an investor pay to purchase this contract if she requires a rate

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A contract requires end-of-month payments of $240 for another 91/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 4.5% compounded monthly? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) nvestor would pay

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