Calculate the amount you would be willing to pay for this, Financial Management

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Calculate the amount you would be willing to pay for this

Suppose an investment promises to pay $500 each year (starting one year from today) forever. You require a 12% rate of return on your investment. Calculate the amount you would be willing to pay for this investment. (Round to 2 decimals)

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Financial Management: Calculate the amount you would be willing to pay for this

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Financial Management: Calculate the amount you would be willing to pay for this

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