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An investment product promises to pay $62,000 at the end of 12 years, if an investor feels this investment should produce a rate of return

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An investment product promises to pay $62,000 at the end of 12 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?UEVOS1. PV. S1. EVA 0151. PVA 1. EVAD S1 and PVAD. 51 (Use appropriate foctor(s) from the tables provided) Multiple Choice $15,914 S241.551 $17,824 $62.000

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