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An investor is considering an investment that will pay $2,150 at the end of each year for the next 10 years. He expects to earn

An investor is considering an investment that will pay $2,150 at the end of each year for the next 10 years. He expects to earn a return of 12 percent on his investment, compounded annually . How much should he pay today for the investment? How much should he pay if the investment returns are received at the beginning of each year ?

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