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Posted on Jul 15, 2024

Ronald has an investment opportunity that promises to pay him $ 3 7 , 0 0 0 in five years. He could earn a 8

Ronald has an investment opportunity that promises to pay him $

37, 000

in five years. He could earn a

8 %

annual return investing his money elsewhere.

What is the most he would be willing to invest today in this opportunity?

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