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Eric is considering an investment that will pay $8, 200 a year for five years, starting one year from today. What is the maximum amount

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Eric is considering an investment that will pay $8, 200 a year for five 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 11.2 percent? $17, 899.08 $27, 117.36 $20, 186.75 $30, 154.50 $18, 153.55

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