Matt plans to purchase an investment that will pay him $12,500 within 12 years. If Matt wants

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Matt plans to purchase an investment that will pay him $12,500 within 12 years. If Matt wants to earn a return of 7% per year (annual compounding), what is the maximum amount he should be willing to pay for the investment today?

Posted Date: May 15, 2024 06:08 AM

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Matt plans to purchase an investment that will pay him $12,500 within 12 years. If Matt wants

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