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2) You are considering an investment that will pay you $100 in Year 1, $500 in Year 2, $0 in Year 3 and $600 in
2) You are considering an investment that will pay you $100 in Year 1, $500 in Year 2, $0 in Year 3 and $600 in Year 4. If you require a 12% return, what is the most you should pay for this investment today?
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