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Q1. Bill Lafayette is evaluating an investment that will yield monthly, beginning-of-the- month payments of $250 for 10 years. If he requires a 16% annual

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Q1. Bill Lafayette is evaluating an investment that will yield monthly, beginning-of-the- month payments of $250 for 10 years. If he requires a 16% annual retum on this investment what is the most Bill should pay for this potential opportunity? A. B. C. D. E. $ 14,924.20 $ 15,123.19 $ 16,101.36 $ 16,289.20 $ 74,117.88

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