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Question 1 9 5 pts An investment product promises to pay $ 5 9 , 0 0 0 at the end of 1 2 years.

Question

19

5

pts

An investment product promises to pay $

59, 000

at the end of

12

years. If an investor feels this investment should produce a rate of return of

10 %,

compounded annually, what's the most the investor should be willing to pay for the investment?

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