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PLEASE ANSWER ASAP MANUAL COMPUTATION. 3. Shelby and associates plan to invest a property that will yield $1,725 at the end of each month indefinitely.

PLEASE ANSWER ASAP MANUAL COMPUTATION.

3. Shelby and associates plan to invest a property that will yield $1,725 at the end of each month indefinitely. Payments will deferred for 5.5 years while the property is developed. How much should Shelby and associates be willing to pay for the property if interest is 12% compounded monthly?

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