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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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