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3. An investor will be willing to pay $______ today for a money machine that will produce $1,000 four years from today. Assume the appropriate interest rate is 10% AND IT IS COMPOUNDED QUARTERLY.

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 3. An investor will be willing to pay $______ today for a money machine that will produce $1,000 four

years from today. Assume the appropriate interest rate is 10% AND IT IS COMPOUNDED QUARTERLY. 

 
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