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Walt is evaluating an investment that will provide the following returns at the end of...

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Finance

Walt is evaluating an investment that will provide the following returns at the end of each of the following years: year 1,$14,300; year 2, $11,800; year 3, $9,300; year 4, $6,800; year 5, $4,300; year 6, $0; and year 7, $14,300. Walt believes that he should earn 12 percent compounded annually on this investment.
Required:
a. How much should he pay for this investment?
b. How much should he pay if he expects to earn an annual return of 9 percent compounded monthly?
Note: For all requirements, do not round PV factors and round your other intermediate calculations and final answer to the nearest whole dollar.
a. Value of investment at 12%
b. Value of investment at 9%
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