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QUESTION 4 An investment pays you $500 every year, with the first payment occurring in one year. You expect these payments to occur forever. If

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QUESTION 4 An investment pays you $500 every year, with the first payment occurring in one year. You expect these payments to occur forever. If your cost of capital is 89 APR with annual compounding, what is the maximum amount you should be willing to pay for this investment today Your final answer must be rounded to the nearest dollar, only numeric, and without the dollar sign. Rounding examples: $1.49 would be rounded to S1 and $1.50 would be rounded to $2

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