If a particular investment will pay $600, 5 months from now, and an additional $500, 9 months from now, what is the largest amount that an investor should be willing to invest today, assuming money earns a rate of return of 7%? Assume that the investment has no money left after the two withdrawals.

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3D year 5 months 9 months year 3 3D 4 year Present value of ... View the full answer