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Suppose an investment will pay $25,000 in 17 years from now. If you can earn 7.60% interest compounded monthly by depositing your money in a
Suppose an investment will pay $25,000 in 17 years from now. If you can earn 7.60% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?
a.)$6,344.37
b).$6,896.06
c)$6,482.29
d)$5,654.77
e).$8,551.11
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