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Hiller Corporation makes an investment today (January 1, 2014). They will receive $50,000 every December 31st for the next six years (2014 2019). If Hiller

Hiller Corporation makes an investment today (January 1, 2014). They will receive $50,000 every December 31st for the next six years (2014 2019). If Hiller wants to earn 12% on the investment, what is the most they should invest on January 1, 2014?

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