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Assume that an investment will pay you $ 9 5 every six months ( where the first payment will occur 6 months from now or
Assume that an investment will pay you $ every six months where the first payment will occur months from now or at Year over the next years for a total of payments. Interest, however, is compounded monthly, at a nominal annual rate of percent. Given this information, determine how much you should be willing to pay for this investment today Year
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