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What is the most should invest on january

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Question 1: Pearson Corporation makes an investment today (January 1, 2018). They will receive €25,000 every December 31st for the next six years (2018 - 2023). If Pearson wants to earn 12% on the investment, what is the most they should invest on January 1, 2018? (Rounded your answer to nearest €)

Reference no: EM132506746

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