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An agreement stipulates payments of $4500,$3000, and $5500 in 4,8 , and 12 months, respectively, from today. What is the highest price an investor will

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An agreement stipulates payments of $4500,$3000, and $5500 in 4,8 , and 12 months, respectively, from today. What is the highest price an investor will offer today to purchase the agreement if he requires a minimum rate of return of 10.5% ? (Do not round the intermediate calculations. Round your answer to the nearest cent.) Price $

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