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a ) What is the value of an investment that pays $ 5 0 , 0 0 0 every other year forever, if the first

a) What is the value of an investment that pays $50,000 every other year forever, if the first
payment occurs one year from today and the discount rate is 9% compounded daily?
b) What is the value today if the first payment occurs four years from today?
For both parts, assume 365 days in a year.

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