Dustin is considering an investment that will pay $3200 a year for 8 years, starting 1 year from today (which is normal). How much should Dustin pay for this investment today if he wishes to earn a 6 percent annual rate of return?;$18,859.14;$19,871.34;$11,987.92;$20,783.99;$17,820.73
Dustin wants $3200 a year for 8 years-how much should he pay for the investment?
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Dec 18, 2020EXPERT
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