. Present value b. Cash received c. Difference New chat $ $ Add citations and a bibliography - Com... 73,280 32,198 Interest earned DEL Homework Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $760 at the end of each month for the next eight years. You believe that a reasonable return on your investment should be an annual rate of 15 percent compounded monthly. Required: a. How much should you pay for the investment? b. What will be the total sum of cash you will receive over the next eight years? c. What do we call the difference between the present value and total cash received? Note: For all requirements, do not round intermediate calculations and round your final an amount. Saved Rea to the nearest whole dollar

Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $760 at the end of each month for the next eight years. You believe that a teasonable return on your investment should be an annuat rate of is percent corrpounded monthy. Required: a. How much should you pay for the investment? b. What wil be the tolal sum of cash you will receive over the next eight years? c. What do we call the difference between the present value and total cash recelved? Note: For all requirements, do not round intermediate calculations and round your final enswers to the nearest whole dollar amount