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A $10,000 investment would return a series of $3,000 year-end payments over the next 5 years if no inflation were present. However, an average inflation

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A $10,000 investment would return a series of $3,000 year-end payments over the next 5 years if no inflation were present. However, an average inflation rate of 6 percent is expected to increase the payments accordingly. If the annual market rate of interest remains at 13 percent, determine the present equivalent worth of the investment

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