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value: 1.00 points The original lender wishes to sell a loan contract delivering month-end payments of $350 for another 11 years and 5 months. At
value: 1.00 points The original lender wishes to sell a loan contract delivering month-end payments of $350 for another 11 years and 5 months. At what price would an investor be prepared to buy the contract in order to "build in a rate of return of 8.75% compounded monthly? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Price $
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