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1p 4. An investment pays EUR 300 annually for five years, with the first payment occurring today. The present value (PV) of the investment discounted

1p 4. An investment pays EUR 300 annually for five years, with the first payment occurring today. The present value (PV) of the investment discounted at a 4% annual rate is closest to: EUR 1 625 EUR 247 EUR 1 389 EUR 9 863

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