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QUESTION
An investment offers to pay you $22,300 per quarter for the next 10 years (The payments start one quarter after you purchase the investment).
- An investment offers to pay you $22,300 per quarter for the next 10 years (The payments start one quarter after you purchase the investment). If you require 12% rate of return, how much should you pay for this investment? (Note: Compounding matches payment frequency. Answers are rounded.)
