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Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $750 at the end of each
Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $750 at the end of each month for the next 8 years. Based on the risk, you believe that a reasonable rate of return on your investment should be an annualized rate of 15% compounded monthly.
(B) What is the total sum of cash you will receive over the 8 years?
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