You require a 6% annual return on all investments. You will receive $2,000, $3,000, $4,000 and $5,000
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Question:
You require a 6% annual return on all investments. You will receive $2,000, $3,000, $4,000 and $5,000 respectively for the next four years on your investment. What is the most you would be willing to pay for this investment, rounded to the nearest dollar?
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