question archive You are looking into an investment that will pay you $12,000 per year for the next 10 years with your first payment a year from now

You are looking into an investment that will pay you $12,000 per year for the next 10 years with your first payment a year from now

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You are looking into an investment that will pay you $12,000 per year for the next 10 years with your first payment a year from now. If you require a 15 percent return, what is the most you would pay for this investment?

 

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