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What is the most that you would pay for an investment that promises to pay $20075 a year forever with the first payment starting one
What is the most that you would pay for an investment that promises to pay $20075 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 24.1%. (Show your answer to the nearest cent. Round your answer to the nearest 2 decimal places. DO NOT round until after all calculations have been completed and you have reached your final answer.)
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