An investment offers to pay you $7,600 per month for the next 10 years

| September 1, 2016

Question
An investment offers to pay you $7,600 per month for the next 10 years (The payments start a month after you purchase the investment). If you require 12% rate of return, how much should you pay for this investment? (Note: Compounding matches payment frequency. Answers are rounded.)

$529,720

$485,410

$501,840

$494,870

$536,260

$515,460

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