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LO1 How much would you pay today for an asset that pays $1,000 per month, for 12 months, starting today if the interest rate is

LO1 How much would you pay today for an asset that pays $1,000 per month, for 12 months, starting today if the interest rate is 4% APR (compounded monthly)? O $11,744 O $11,783 O $11,979 O $11,547 O $12,019

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