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1. An investment paying $2000 in 2 years, $6000 in 4 years and $5000 in 12 years at an interest rate of 5% p.a has

1. An investment paying $2000 in 2 years, $6000 in 4 years and $5000 in 12 years at an interest rate of 5% p.a has a present value of

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