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10. An investment offers payments of $5,000 at the end of Year 1, $5,000 at the end Year 3; and $2,000 at the end of
10. An investment offers payments of $5,000 at the end of Year 1, $5,000 at the end Year 3; and $2,000 at the end of Year 4. What is the present value of this investment using a 9 percent interest rate?
a. $10,280.17
b. $9,864.92
c. $12,130.90
d. $14,000.00
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