What is the maximum price you would pay for an investment that guarantees a payment of $1,000 a month beginning immediately lasts for 15 years and yields 12%?
A) $84,155
B) $100,000
C) $62,832
D) $83,262

Question

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The Answer of What is the maximum price you would pay for an investment that guarantees a payment of $1,000 a month beginning immediately lasts for 15 years and yields 12%?
A) $84,155
B) $100,000
C) $62,832
D) $83,262

What Is the Maximum Price You Would Pay for an Investment