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EXAMPLE #3 What would you pay for an investment that pays you $40,000 at the end of each year for the next ten years and

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EXAMPLE #3 What would you pay for an investment that pays you $40,000 at the end of each year for the next ten years and then returns a maturity value of $600,000 after ten years? Assume that the relevant interest rate for this type of investment is 8%

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