Question: Problem 3 3 Using your financial calculator or the Table Interest Factors for the Present Value of an Ordinary Annuity of $1 per period for

Problem 3 3 Using your financial calculator or the Table Interest Factors for the Present Value of an Ordinary Annuity of $1 per period for Various Interest Rates and Time Periods if an investor wants to know how much he or she should pay today for an investment that would pay $700 at the end of each month for the next 10 months and earn an annual rate of return of 8 % compounded monthly on the investment, how much should this investor pay today to receive that 8% return? Explain why this is an example of the Present Value of Money

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