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A 10-year investment will pay $2,500 at the end of this year, and the payments will grow at a rate of 5% per year. The
A 10-year investment will pay $2,500 at the end of this year, and the payments will grow at a rate of 5% per year. The required return is 15%. What is the present value of this investment?
Select one:
a. $10,170.40
b. $12,228.16
c. $14,934.05
d. $25,000.00
e. $25,714.29
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