How much should you pay for the investment today

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Reference no: EM132012805

Solve the following question

Suppose an investment will pay $25,000 in 17 years from now.

If you can earn 7.60% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132012805

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