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Todd was asked what he would pay for an investment that offered $2,000 a year for the next 42 years. He required an 11 percent

Todd was asked what he would pay for an investment that offered $2,000 a year for the next 42 years. He required an 11 percent return to make that investment. What should he bid?

Excel Help would be great, that is what I am using an am not sure what formula to use.

Thanks. M

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