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Suppose an investment will pay $11,000 in 26 years from now. If you can earn 13.30% interest compounded monthly by depositing your money in a
Suppose an investment will pay $11,000 in 26 years from now. If you can earn 13.30% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today? Round your answer to two decimal places.
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