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You are considering an investment that will pay $3,600 a year for 5 years, starting one year from today. Your required rate of return is
You are considering an investment that will pay $3,600 a year for 5 years, starting one year from today. Your required rate of return is 7.5 percent. What is the maximum amount you should pay for this investment? o $12,057.57 O $14,565.19 O $11,216.35 O $13,445.16 O $15,450.12
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