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For an investment project, today you are planning to invest $2.0 million. The project promises to return $22,500 at the end of each month for
For an investment project, today you are planning to invest $2.0 million. The project promises to return $22,500 at the end of each month for next 20 years. If the rate of interest is 12.15% per annum and compounded monthly, compute the present value of the profit.
a.
17,826.62
b.
11,506.39
c.
30,565.45
d.
24,179.57
e.
5,218.67
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