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QUESTION
Dustin is considering an investment that will pay $4500 a year for 9 years, starting 1 year from today (which is normal).
Dustin is considering an investment that will pay $4500 a year for 9 years, starting 1 year from today (which is normal). How much should Dustin pay for this investment today if he wishes to earn a 8 percent annual rate of return?
