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3. An investment that pays 12,000 USD in its first year is completed by paying 18,000 USD at the end of the sth year with
3. An investment that pays 12,000 USD in its first year is completed by paying 18,000 USD at the end of the sth year with an increase of 1,500 USD every year in the following perlods ( 25 points) a. Calculate the present value of this investment where the interest rate is 10%. b. If an institution that markets this investment asks you to pay 60,000 usD today, would you buy this investment, why
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