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3. You are looking at 2 investments. One will pay you $550 a year for the next 15 years. The other one will pay you

3. You are looking at 2 investments. One will pay you $550 a year for the next 15 years. The other one will pay you $24,000 in 20 years. If your rate of return is 9%, which is the best investment for you? (show your work to receive credit).

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