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Your brother has been offered a project paying a $725 annuity due for the next 15 years. What is the maximum amount of money your

  1. Your brother has been offered a project paying a $725 annuity due for the next 15 years. What is the maximum amount of money your brother should invest in this project if he has a 12.45 percent rate of return on the investment?
  1. $124.73
  2. $4,821.50
  3. $2,985.03
  4. $5,421.78

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