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An investment promises to pay $ 6 , 0 0 0 at the end of each year for the next six
An investment promises to pay $ at the end of each year for the next six years and $ at the end of each year for years through Use Table II and Table IV or a financial calculator to answer the questions. Round your answers to the nearest cent.
If you require a percent rate of return on an investment of this sort, what is the maximum amount you would pay for this investment?
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Assuming that the payments are received at the beginning of each year, what is the maximum amount you would pay for this investment, given a percent required rate of return?
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