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A friend calls you with a great investment opportunity, that will produce a return to you of $2000 per year for 5 years starting at
A friend calls you with a great investment opportunity, that will produce a return to you of $2000 per year for 5 years starting at the end of the year 2 years from now, and $5000 the year after that. Assuming you could invest in an investment of similar risk eslewhere at an annual interest rate of 8%, what is the most you should be willing to pay for this investment?
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