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Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $7,500 at the end of each
Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $7,500 at the end of each year for the next eight years. If the interest rate is 8% compounded annually, find the future value of the payments after eight years.
a) $76,555
b) $79,775
c) $81,253
d) $82,325
e) None of the above
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