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Ashley projects that she can get $170,000 cash per year for 5 years on a real estate investment project. If Ashley wants to earn a
Ashley projects that she can get $170,000 cash per year for 5 years on a real estate investment project. If Ashley wants to earn a rate of return of 10%, what is the maximum that she should pay for the investment? Use Appendix Table 2. (Round your answer to the nearest dollar.)
Multiple Choice
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$575,826
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$790,500
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$644,434
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$121,208
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