[Solved] An investment product promises to pay $ 4

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An investment product promises to pay $ 4 5 , 0 0 0 at the end of 1 0 years. If an investor feels this

An investment product promises to pay $

45, 000

at the end of

10

years. If an investor feels this investment should produce a rate of return of

12 %,

compounded annually, what's the most the investor should be willing to pay for the investment?

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