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in investor can make an investment in a real estate development and receive an expected cash return of $45,000 at the end of six ears.
in investor can make an investment in a real estate development and receive an expected cash return of $45,000 at the end of six ears. Based on a careful study of other investment alternatives, she believes that a 9 percent annual return compounded quarterly is reasonable return to earn on this investment. Required: How much should she pay for it today? lote: Do not round intermediate calculations and round your final answer to the nearest whole dollar amount
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