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You have the opportunity to purchase an investment that will pay $1,236,671 at the end of 23 years. If your required rate of return on
You have the opportunity to purchase an investment that will pay $1,236,671 at the end of 23 years. If your required rate of return on this investment is 14.2%, what is the maximum amount you should be willing to pay for it? State your answer to the nearest whole dollar.
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