Considering an investment-rate of return

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Eric is considering an investment that will pay $5000 a year for 7 years, starting one year from today. How much should she pay for this investment if she wishes to earn a 13 percent rate of return?

Reference no: EM131581272

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Considering an investment-rate of return : How much should she pay for this investment if she wishes to earn a 13 percent rate of return?

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