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Eric is considering an investment that will pay $7,200 a year for 5 years, starting one year from today. What is the maximum amount he

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Eric is considering an investment that will pay $7,200 a year for 5 years, starting one year from today. What is the maximum amount he should pay for this investment if he desires a rate of return of 13.20%? $27,619.80 $20,186.75 $25,200.97 $17,899.08 $30,154.50

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