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Posted on May 18, 2024

Serena has an investment that pays her $ 4 5 , 0 0 0 every year for the next 1 4 years. However, she would

Serena has an investment that pays her $

45, 000

every year for the next

14

years.

However, she would like to sell her investment today to purchase a house. Assume the

going market interest rate is

6 %,

how much would a wise investor be willing to pay for this

investment?

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