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George is considering an investment that will pay $3,250 a year for eight years, starting one year from today. What is the maximum amount he

George is considering an investment that will pay $3,250 a year for eight 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 8.0 percent?

$17,736.81 $18,566.10 $16,920.70 $18,676.58 $20,302.39

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