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SOLVE USING EXCEL WITH PRESENT VALUE OR FUTURE VALUE FUNCTIONS PLEASE 4. Eric and Jan are considering an investment that will pay $8,200 a year

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SOLVE USING EXCEL WITH PRESENT VALUE OR FUTURE VALUE FUNCTIONS PLEASE

4. Eric and Jan are considering an investment that will pay $8,200 a year for five years, starting one year from today. What is the maximum amount he should pay for this investment if he desires a rate of return of 11.2 percent

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