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sorry for size of problem 24. Carmen is considering the purchase of an investment that will pay her $10,000 in 8 years. If Caroline wants

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sorry for size of problem

24. Carmen is considering the purchase of an investment that will pay her $10,000 in 8 years. If Caroline wants to earn a return equal to 5 percent per year (annual compounding), what is the maximum amount she should be willing to pay for the investment today

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