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Dustin is considering an investment that will pay $ 7 , 0 0 0 a year for 1 0 years, starting 1 year from today.
Dustin is considering an investment that will pay $ a year for years, starting
year from today. How much should Dustin pay for this investment today if he wishes to earn a
percent rate of return? Hint: The price he should pay is the present value of the investments
annual payments.
a $
b $
c $
d $
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