Investment opportunity that promises to pay

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Ronald has an investment opportunity that promises to pay him $47,400 in seventeen years. He could earn an 9% annual return investing his money elsewhere.

What is the most he would be willing to invest today in this opportunity? Use Table 2. (Do not round PV factors. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Present value_________

Reference no: EM13825293

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