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QUESTION 9) Your brother-in-law wants you to invest in his carpet-cleaning business. If you'll invest $55,000 now, he will pay you $360 per month for

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QUESTION 9) Your brother-in-law wants you to invest in his carpet-cleaning business. If you'll invest $55,000 now, he will pay you $360 per month for six years and then also pay you $70,000 at the end of the six years. To determine whether this is a good deal, find the present value of the complete investment, assuming a 9% annual interest rate. Present Value Complete Investment of

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