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Ronald has an investment opportunity that promises to pay him $42,000 in three years. He could earn a 6% annual return investing his money elsewhere.

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Ronald has an investment opportunity that promises to pay him $42,000 in three years. He could earn a 6% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? (FV of \$1. PV of \$1. EVA of \$1. and PVA of \$1) (Use tables. Excel, or a financial calculator. Round your answer to 2 decimal places.)

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