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12. An investment offers $5,300 per year for 15 years, with the first payment occurring one year from now. If the required return is 7

12. An investment offers $5,300 per year for 15 years, with the first payment occurring one year from now. If the required return is 7 percent, what is the value of the investment? A. $72,240 B. $70,658 C. $75,741 D. $48,271 E. S25,250

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