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Pfizer Corp has to invest in a high-risk machine that offers a return of 24% per year computed monthly. If you are guaranteed to receive
Pfizer Corp has to invest in a high-risk machine that offers a return of 24% per year computed monthly. If you are guaranteed to receive $15,000 from that investment at the end of each month for the next two years, what is the most you should pay today for that investment?
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