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An investor can make an investment in a real estate development and receive an expected cash return of $ 4 1 , 0 0 0
An investor can make an investment in a real estate development and receive an expected cash return of $ at the end of years. Based on a careful study of other investment alternatives, she believes that a percent annual return compounded quarterly is a reasonable return to earn on this investment.
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How much should she pay for it today?
Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.
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