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An investor can make an investment in a real estate development and receive an expected cash return of $ 5 7 , 0 0 0

An investor can make an investment in a real estate development and receive an expected cash return of $57,000 at the end of 10 years. Based on a careful study of other investment alternatives, she believes that a 6 percent annual return compounded quarterly is a reasonable return to earn on this investment.Required:How much should she pay for it today?

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