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1. An investment will pay $60 at the end of each of the next 2 years, $80 at the end of year3, and $ 100

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1. An investment will pay $60 at the end of each of the next 2 years, $80 at the end of year3, and $ 100 at the end of year 4. If other investments of equal risk eam 5% annually, what is its present value? (Answer to the nearest cent, xxx.xx and enter without the dollar sign)

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