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12. An investment offers to pay $500 a year forever starting at the end of year 6. If the interest rate is 8%, what is

12. An investment offers to pay $500 a year forever starting at the end of year 6. If the interest rate is 8%, what is the investment's value today? (Assume annual compounding) A. $8,250.00 B. $9,070.29 C. $7,787.71 D. $4253.64

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