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Kevin Allen has the opportunity to invest in a project that will provide semi-annual cash payments of $6,200 over ten years plus an additional $15,000
Kevin Allen has the opportunity to invest in a project that will provide semi-annual cash payments of $6,200 over ten years plus an additional $15,000 at the end of the tenth year. How much should he be willing to invest in the project assuming he wants to earn 9.6% (APR) compounded semi-annually?
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