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A security sells today for $40,000. The security pays $5,000 in one year, $10,000 in two years, $x in three years, and $20,000 in four
A security sells today for $40,000. The security pays $5,000 in one year, $10,000 in two years, $x in three years, and $20,000 in four years. The discount rate is 10%. What is x?
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