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Suppose an investment will pay $11,000 in 29 years from now. If you can earn 15.35% interest compounded monthly by depositing your money in a

Suppose an investment will pay $11,000 in 29 years from now. If you can earn 15.35% 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. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.

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