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How much would you be willing to pay today

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Question - An investment will pay you $8,000 in 9 years, and it will also pay you $260 at the end of each of the next 9 years (years 1 thru 9). If the annual interest rate is 5%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.)

What is the present value?

Reference no: EM132255075

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