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$ 7 0 0 0 needs to be invested in a business at the start of the year, and the investor will receive $ 2
$ needs to be invested in a business at the start of the year, and the investor will receive $ at the end of each of the next four years. What is the present value of this business opportunity if the interest rate is per year? Hint: Find PV of $yearannuity, and subtract $
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